Allen & Overy has advised the Abu Dhabi Investment Office (ADIO) and the Department of Municipalities and Transport (DMT) in Abu Dhabi in relation to Phase 2 of its Road Lighting public-private partnership project (PPP) in Abu Dhabi, UAE, which reached commercial close in December 2022. The project will be delivered by Nojoom, a joint […]
Banking & Finance
Saudi Arabia
Transport
International Maritime Industries establishes new maritime fund
Global law firm White & Case has advised International Maritime Industries, on the establishment of GMF Global Maritime Fund RAIF, a new independent Cyprus-based maritime fund. Based in Saudi Arabia, International Maritime Industries is a joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries. It is currently the largest maritime yard in the Middle […]
Banking & Finance
Transport
United Arab Emirates
Hassana to invest USD2.4b in DP World’s flagship UAE assets
International law firm Clifford Chance has advised DP World, a global infrastructure-led supply chain solutions provider, on the USD2.4 billion investment in three of its flagship UAE assets by Saudi Arabia-based Hassana Investment Company, the investment manager for the General Organisation for Social Insurance. Hassana will invest USD2.4 billion in a new joint venture with […]
Kuwait-based law firm, Meysan Partners, has represented a consortium comprised of Ali Alghanim Sons Automotive Company, Mohamed Yousuf Naghi Motors Company, Organi Group, and Al Safy Automotive Company in their successful acquisition of 100% of Mid-East Auto Company, a Bermuda incorporated company directly and indirectly owning the Bavarian Auto Group, BMW’s Egypt dealership. Meysan team […]
BMW Group, premium manufacturer of luxurious, sporty, and electric automobiles, has appointed Global Auto Group as the new importer of BMW and MINI in Egypt. Zaki Hashem & Partners (“ZH&P”) acted as the Egyptian Legal Counsel to Global Auto on the successful appointment. ZH&P advised on the incorporation of Global Auto which is formed as a […]
Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, partner DSV Global Transport and Logistics has become the carrier’s first partner to purchase sustainable aviation fuel (“SAF”) to offset the carbon emissions of its cargo shipment. Etihad’s first NetZero transatlantic flight from Washington Dulles to Abu Dhabi utilised SAF combined with SAF Book […]
Deal & transactions
Transport
United Arab Emirates
A&O with Abu Dhabi Ports Group on the acquisition of
Abu Dhabi Ports Group has acquired Spanish logistics firm Noatum for AED2.5 billion (USD681 million). The investment in Noatum, will significantly extend AD Group’s global connectivity to create a market-leading international logistics brand. Moving forward, Noatum will lead AD Ports Group’s Logistics Cluster, consolidating the company’s existing logistics offering into its operations. Allen & […]
Matouk Bassiouny & Hennawy (“MBH”) acted as the legal counsel to Sky Ports (under incorporation) (“Sky Ports” and the “Concessionaire”) in connection with the negotiating, reviewing and drafting of concession agreement entered with the General Authority for Suez Canal Economic Zone (“SCZone” and the “Grantor”), dated 15 November 2022, for the purpose of designing, constructing, managing, […]
Banking & Finance
Saudi Arabia
Transport
Neom invests USD 175M in Urban Air Mobility Company Volocopter
Neom, the smart and sustainable regional development project in northwest Saudi Arabia, has made a USD 175 million Series E investment in Volocopter, the pioneer of Urban Air Mobility. Neom will take a significant equity stake in the company as part of its strategic engagement with the global eVTOL industry. The latest investment will expand […]
Deal & transactions
Transport
United Arab Emirates
Dubai Aerospace Enterprise completes acquisition of SKY Fund I Irish
Aviation services corporation, Dubai Aerospace Enterprise (“DAE”) has completed the previously announced acquisition of SKY Fund I Irish and its subsidiaries (“SKY Fund I”) on 18th November. Sky Fund I owns and is committed to own 36 aircraft on lease to 14 airline customers in 11 countries. Next generation technology aircraft represent more than 90% of […]
