“I appreciate the breadth of his experience and his ability to leverage that experience to maximise the value that he adds.” (Chambers & Partners, 2023)
“Abu Dhabi-based Adam Pierson regularly acts on large-scale project financing matters across the region, with a particular focus on the energy sector.” Sources remark that “Adam Pierson, Antoine Cousin, and Yasser Riad are thought leaders in their industry and stay ahead of current trends. Their substantive knowledge in their respective areas gives clients a competitive advantage.” (Legal 500, 2023)
“Adam Pierson’s ability to understand a complicated scenario and craft a nuanced, commercially-oriented solution is unparalleled.” (Legal 500, 2022)
“Clients view him as “very responsive and a pleasure to deal with.”” (Chambers & Partners, 2021)
‘Adam Pierson is the go to lawyer for Saudi projects.’ (Legal 500, 2020)
“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, 2020)
Adam Pierson is a partner in our Project Development and Finance practice based in our Abu Dhabi office.
Adam advises government entities, large corporates, procurers, developers, investors, infrastructure funds, joint venture partners, contractors, and lenders in relation to infrastructure and project finance transactions, including ESG and energy transition projects, PPPs, divestments, large scale asset transfers, institutional and regulatory set-up, and privatization projects. He has advised on many first-of-their-kind and award winning transactions within the region and works across a variety of sectors, including tourism, real estate and accommodation, oil & gas, petrochemicals and industrial gases, water, power and utilities, transport and social infrastructure.
Representative transaction include advising:
The Red Sea Development Company on the $3.76 billion financing of Phase I of the Red Sea Development Project, the first green conventional project financings undertaken in Saudi Arabia.
Saudi Aramco on the US$12 billion hybrid acquisition, development and financing of a world-scale Integrated Gasification and Combined Cycle (IGCC) project in the Jazan Economic City, Kingdom of Saudi Arabia.
USAID on the Amman-Aqaba Water Desalination and Conveyance Project in Jordan, which will bring 300 MCM/ year of desalinated water from Aqaba in the South to Amman in the North of Jordan.
DP World on the renewal of a concession to expand, operate and transfer 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.
Saudi Aramco as procurer on the structuring, tendering, development and financing of all five of its residential camp procurements, with over $2.5 billion in capital value, to be developed on a build, own, operate and transfer (BOOT) basis.
Saudi Civil Aviation Holding Company (MATARAT Holding) in relation to corporatization and asset transfer for Jeddah Airport.
The Saline Water Conversion Corporation (SWCC) in relation to its privatization.
The FAST Consortium on Package 3 of the US$22 billion Riyadh Metro Project, the largest public transport initiative in the world.
A Middle East corporate entity in connection with ESG-related industrial gases projects.
A PIF-owned entity in connection with a ‘giga’ tourism and healthcare project in Saudi Arabia.
The PIF-backed Rua Al-Madinah in connection with it mega city development.
Saudi Aramco in connection with a BOOT of office and industrial facilities in the Energy Industrial City (Spark).
A Middle East government client in connection with setting up an infrastructure fund.
A Middle East government client with respect to setting up a regulator in the utilities sector.
Leading Individual: Projects and Energy (Saudi Arabia), Legal 500, 2023
Leading Individual: Banking and Finance (Saudi Arabia), Legal 500, 2023
Leading Individual: Oil, Gas & Natural Resources (UAE), Legal 500, 2023
Expert Based Abroad: Banking & Finance (Saudi Arabia), Chambers & Partners, 2023
Next Generation Partner: Infrastructure & Projects (UAE), Chambers & Partners, 2023
Highly Regarded Lawyer, IFLR 1000, 2022