IJGlobal, an infrastructure and energy online news and data service, has recognized global law firm White & Case LLP with three MENA "Deal of the Year" awards for transactions on which the Firm advised in the Middle East and North Africa region in 2022. The winning deals were:
Transport Deal of the Year – Heavy Rail: Etihad Rail Company PJSC Green Term Loan
White & Case advised the Government of Abu Dhabi, acting through the Department of Finance, in connection with a strategic Abu Dhabi government -backed financing relating to a AED 1.99 billion green loan term facility for Etihad Rail Company PJSC for the construction of passenger stations and rail track extensions to connect with the existing Etihad Rail freight line and associated infrastructure.
Power Deal of the Year – Transmission: Project Lightning
White & Case 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 Abu Dhabi National Oil Company (ADNOC) and energy and water company TAQA.
Petrochemicals Deal of the Year: Advanced Petrochemicals
White & Case advised nine regional and local lenders in connection with the SAR 6.1 billion Islamic project financing of Advanced Polyolefins Industry Company's new petrochemicals complex located in Jubail Industrial City, Kingdom of Saudi Arabia.