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Experience
Project Finance
Privatisation
Banking & Finance
Capital Markets
Dispute Resolution
Company/Commercial
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| We advised a consortium of ACWA Power, Binladen and Deutsche Bahn as preferred bidder in connection with its bid for the 30-year concession to construct and operate the Landbridge rail link between Jeddah, Riyadh and Dammam. This project was subsequently converted from a BOT to an EPC contract but has yet to be retendered. |
| Value: US$5-7 billion |Scheduled closing: not yet scheduled |
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| We advised Chevron Phillips Chemical Company and its Saudi Arabian partner in connection with the design, construction and financing of a petrochemical facility in Jubail. |
| Estimated Value: US$5 billion | Closed: April 2008 |
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| We advised (together with Citibank, SAMBA and Shearman & Sterling) Marafiq, the utilities company for the industrial cities of Jubail and Yanbu, in connection with the development, financing and construction of a 2,750 MW and 800,000 m3 IWPP in Jubail. |
| Value: US$3.443 billion | Closed: May 2007 |
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| We advised National Petrochemical Industrial Company in connection with the development, financing and operation of 400,000 tons per annum propylene and poly-propylene plants in Yanbu, Saudi Arabia. The financing includes SIDF and PIF loans, as well as an investment from GOSI. SABIC is one of the two off-takers. |
| Value: US$750 million | Closed: April 2007 |
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| We advised the lenders to the preferred bidder for the 850 MW power and 212,300 m3/d Shuqaiq IWPP. |
| Value: US$2 billion | Closed: January 2007 |
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| We advised the project company consisting of Marubeni, JGC, Itochu and ACWA Power in connection with the development, financing and operation of a captive IWSPP for the Rabigh refinery and petrochemical complex, to provide up to 600 MW of electricity, 7600 tons per hour of desalinated water and 42,000 tons per hour of steam. |
| Value: US$1.2 billion | Closed: March 2006 |
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| We advised the lenders to the project company in connection with the Shoaiba IWPP. This is the first IWPP in Saudi Arabia, to produce 900 MW of electricity and 176 million gallons per day of desalinated water. The lenders provided Islamic, ECA and conventional tranches. |
| Value: US$2.2 billion | Closed: January 2006 |
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| We advised the Japanese shareholder consortium Japan Arabia Methanol Company (Mitsui, Mitsubishi, Daicel Chemical and Iion Shipping) in the development, financing and construction of a 970,000 tons per annum methanol plant on a limited recourse basis in Jubail, Saudi Arabia, the first major Japanese investment in Saudi Arabia following a 20-year hiatus. |
| Value: US$350 million | Closed: October 2003 |
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| We advised the lenders in a limited recourse financing of the first Independent Power Project in Saudi Arabia, which was named Middle East IPP Deal of the Year by Project Finance magazine. The project company Jubail Energy Company, a joint venture between CMS Energy and National Power Company, provides power and steam (approximately 240 MW and 510 ton steam) to SADAF on a BOOT basis. |
| Value: US$200 million | Closed: July 2003 |
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