“The commercially minded Adam Pierson regularly advises major Saudi Arabian clients on project financings, and has additional expertise in asset finance matters. Sources remark that “he’s very approachable and he’s always trying to get the deal done - he’ll find a solution that’s acceptable to both sides””. (Chambers & Partners, Saudi Arabia 2020)
Adam Pierson is a partner in our Project Development and Finance practice based in our Abu Dhabi office. Adam was previously located in our Riyadh office for 8 years, and before that our London office, and is qualified as a solicitor in England and Wales.
Adam advises procurers, developers, investors, joint venture partners, contractors, and lenders in relation to infrastructure and project finance transactions, including PPP and privatization projects. He has advised on many first-of-their-kind and award winning transactions within the region. He works across a variety of sectors, including oil & gas and petrochemicals, transport infrastructure, real estate and accommodation, power and utilities, institutional set-up, regulatory and social infrastructure.
Representation of the PIF-owned developer on the financing of its commercial assets in relation to a real estate giga project in Saudi Arabia.
Representation of Jeddah Economic Company (the principal shareholder of which is Kingdom Holding) on the financing of its mixed use real estate development north of Jeddah, including the Kingdom Tower, which is to be the world's tallest building.
Representation of Saudi Aramco as procurer on the structuring, tendering, development and financing all four of its residential camp procurement projects, with over $2.5 billion in capital value, to be developed on a build, own, operate and transfer (BOOT) basis.
Representation of DP World on the renewal of a concession to expand, operate and transfer of Jeddah South Container Terminal in Jeddah Islamic Port. This 30 year concession is the first port project to be implemented under the new Saudi PSP framework.
Representation of the FAST Consortium (comprising FCC, Samsung C&T, Strukton and Freyssinet), on Package 3 of the US$22 billion Riyadh Metro Project. The Riyadh Metro Project is the largest public transport initiative in the world at present.
Representation of the Saline Water Conversion Corporation, the world's largest desalination company, on its privatization program.
Representation of Saudi Aramco on its US$2.1 billion Air Separation Unit (ASU) project in Jazan, Saudi Arabia. Once completed, the project will be the largest industrial gas complex worldwide. This transaction was recognised as "MENA Petrochemical Deal of the Year 2015" by IJ Global, "Industrial Deal of the Year 2015 (Middle East and Africa)" by Project Finance International (PFI) and "Global Finance Deal of the Year 2016" by The American Lawyer.
Representation of Saudi Aramco in connection with the US$20 billion Sadara Chemical Company Project, a joint venture with The Dow Chemical Company in Jubail, Saudi Arabia. This transaction was recognised as "Project Finance & Infrastructure Deal of the Year" and "Saudi Arabia Deal of the Year" by Islamic Finance News (2014) as well as "Middle East Petrochemical Deal of the Year" by Project Finance International (2014).
Leading Individual: Projects & Energy, Legal 500, 2020
Ranked Band 3: Banking & Finance, Chambers & Partners 2020
Next Generation Partner, Banking and Finance, Legal 500, 2020