Helmy Hamza & Partners, Baker McKenzie Cairo office, has advised the National Egyptian Railway Industries Company (“NERIC”) on its first offtake and supply agreement with Hyundai Rotem, the South Korean heavy industry company and the National Authority for Tunnels (“NAT”). Under the terms of the agreement, the consortium of NERIC and Hyundai Rotem will manufacture […]
Deal & transactions
Transport
United Arab Emirates
Etihad Rail and Oman Rail to build a USD 3 billion
Etihad Rail, the developer and operator of the UAE National Rail Network, signed an agreement with Oman Rail, the Sultanate’s national developer and operator of railway networks, to jointly establish an equally-owned company, Oman-Etihad
Deal & transactions
Transport
United Arab Emirates
Safeen Feeders & Invictus Investment launch new dry bulk services
AD Ports Group’s Safeen Feeders has signed a strategic agreement with Invictus Investment to launch a new international dry bulk shipping service. Under the terms of the agreement, the two companies will purchase ships
Deal & transactions
Transport
United Arab Emirates
UAE’s Etihad Rail signs four MoUs during Innotrans
UAE’s national railway network Etihad Rail has entered into four memorandum of understandings (MoUs) with SNCF International, Alstom, Thales Group and Progress Rail at the InnoTrans exhibition in Berlin, Germany. The agreements come as
Deal & transactions
Transport
United Arab Emirates
Air Arabia launches new airlines with Sudan’s Dal Group
United Arab Emirates-listed carrier Air Arabia and Sudanese conglomerate DAL Group have partnered to launch a new airline based in Sudan’s Khartoum International Airport. Air Arabia Sudan will be a joint venture
Shalakany Law Office litigation team has successfully defended a major French automotive company against a EGP 3 billion (approx USD 154 m) court claim. The case was heard before the South Cairo Court after being filed
Restructurings
Transport
United Arab Emirates
Linklaters advises DP World on the restructuring of Portsynergy
Linklaters advised DP World, global supply chain solutions provider, on the restructuring of Portsynergy, a 50:50 joint venture owned by Dubai-based DP World and France-based international container operator, Terminal Link, a joint venture between French shipping
Banking & Finance
Transport
United Arab Emirates
Allen & Overy advises Investcorp on Trukker’s Pre-IPO round
Saudi-based Trukker Holding Limited (“Trukker”), digital freight network providers in the MENA region, has successfully raised USD 100 million in its pre-IPO financing round. The investment was led by the recently-launched Investcorp Saudi Pre-IPO Growth
Salik Company, Dubai’s exclusive toll gate operator, has announced its intention to proceed with an initial public offering (IPO) and to list its ordinary shares for trading on the Dubai Financial Market (DFM).
Abou Ghaly Motors (“AGM”), specialists in the automotive industry in Egypt, has successfully secured a finance extension from The European Bank for Reconstruction and Development (“EBRD”) to finance AGM’s fleet of range-extended electric vehicle
