White & Case LLP
Client SatisfactionFrequently instructed by international financial institutions, premium sponsors, and governments institutions for project financing expertise, White & Case LLP work on an array of blockbuster developments, spanning conventional and renewable energy ventures, social and transport infrastructure builds, and utility developments. Instututional relationships across the region gives the firm access to NEOM projects in Saudi Arabia, railway and passenger station extensions in Abu Dhabi, and novel financing arrangements in the MENA region. The practice is jointly chaired by a number of lawyers, including Adam Pierson, who is regularly sought out by oil and gas giants for his asset expertise and transactional capabilities. Yasser K. Riad is renowned for his far-reaching cross-border project financing practice, possessing comprehensive understanding of various assets, while Antoine Cousin is noted for his expertise in the power, water and utilities sectors. Alexander Malahias stands out for his work in tourism infrastructure projects, working with sovereign wealth funds on joint ventures and financing transactions, while Ivan Paskal is chiefly engaged on energy-related matters. Din Eshanov - who relocated to Abu Dhabi from Riyadh in 2023 - is a key figure for NEOM-related work.
Key clients
- Emirates Water and Electricity Company (EWEC)
- NEOM Company
- The Red Sea Development Company
- Saudi Arabian Oil Company (Saudi Aramco)
- Saudi Power Procurement Company (SPPC)
- The Government of the Emirate of Abu Dhabi, acting |through the Abu Dhabi Department of Finance
- Saudi Water Partnership Company (SWPC)
- Saline Water Conversion Corporation (SWCC)
- USAID and the Ministry of Water and Irrigation of Jordan
- Abu Dhabi Future Energy Company (Masdar)
- National Center for Privatization and PPP, KSA
- ADES Group
- Zakher Marine International
- Metro Jeddah Company (MJC)
Work highlights
- Represented the project company in connection with the financing of a greenfield facility powered by renewable energy sourced from wind, solar, and battery storage for production and export of green hydrogen to global markets, capable of producing 650 tons per day of carbon-free hydrogen in the form of ammonia, to be located in the Middle East.
- Advised Korea Electric Power Corporation (KEPCO), Japan’s Kyushu Electric Power Co. and Électricité de France (EDF) as international sponsors on the financial closing of the US$3.8 billion Project Lightning offshore transmission line in the United Arab Emirates, alongside local sponsors ADNOC and TAQA.
- Advised the Government of the Emirate of Abu Dhabi, acting through the Department of Finance in connection with the AED 1.99 billion green loan term facility for Etihad Rail Company PJSC (First Abu Dhabi Bank PJSC (FAB) acting as lender, agent, security agent, account bank and mandated hedge provider) for the construction of passenger stations and rail track extensions to connect with the existing Etihad Rail freight line and associated infrastructure.
Lawyers
Practice head
The lawyer(s) leading their teams.
Antoine Cousin, Din Eshanov, Alexander Malahias, Ivan Paskal, Adam Pierson, Yasser Riad