Gowling WLG advised Aberdeen Investcorp Infrastructure Partners on landmark acquisition in Saudi Arabia

Gowling WLG advised Aberdeen Investcorp Infrastructure Partners on landmark acquisition in Saudi Arabia

Gowling WLG has advised Aberdeen Investcorp Infrastructure Partners (AIIP), a joint venture infrastructure platform, on its acquisition of a significant minority stake in the Al Fadhili Housing complex in the Kingdom of Saudi Arabia (KSA). The complex provides essential accommodation for the workforce servicing the Al Fadhili Gas Facility in the Eastern Province of KSA. This marks AIIP’s first acquisition in KSA and highlights its focus on sustainable, resilient, cash-generative infrastructure opportunities across the GCC and MENA region. The investment reflects AIIP’s approach of partnering with sovereign and corporate champions to deliver long-term value creation. The transaction was supported by a multi-disciplinary team from across Gowling WLG’s Energy and Infrastructure sectors, providing expertise in corporate structuring, projects, and Islamic finance, while local law matters were advised by Al Ghazzawi & Partners in KSA.

Jonathan Brufal (Co-Head of the Energy, Nuclear, Natural Resources and Infrastructure Sector) said,

"This acquisition is one of a series of high-profile corporate energy transition deals that have been undertaken by Tim and Simon. It reflects our growing expertise in this space, which remains very much at the core of the Middle East offices' focus on transactions in the Energy Transition, Tech and IP sectors."

Simon Elliott, who leads our Energy and Infrastructure corporate offering in the Middle East, also said,

"We are pleased to have advised AIIP on another landmark investment and their first in KSA. We are seeing an increased volume of deals such as these coming to market, driven by strategic deployment and redeployment of capital and a greater global interest in critical energy transition and related assets investments in the GCC."

The Gowling WLG team was led by Tim Casben (Partner) and Simon Elliott (Principal Associate), with support from Beth Bloor (Senior Associate) and project and Islamic finance expertise from Jonathan Brufal (Partner) and Imran Mufti (Partner).

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