Dentons advised Saudi Arabia’s Ministry of Investment (MISA) in relation to seven of twelve economic support deals that formed part of MISA’s first wave of projects supported by the Private Sector Partnership Reinforcement (Shareek) Programme, with an aggregate project value of US$51 billion. The first wave of supported projects is intended to achieve more than US$125 billion in GDP growth by 2040 and to create approximately 65,000 local jobs.
The Shareek Programme, which is Saudi Arabia’s dedicated programme for large companies, is designed to help unlock the full potential of the Kingdom’s private sector and contribute to achieving the national targets defined by Vision 2030.
“It can’t be underestimated just how vital a role these projects will play in Saudi Arabia’s ongoing development as the Kingdom continues to strive forward with its Vision 2030. We are proud to have worked together with MISA on a majority of the twelve projects that formed part of the first wave of the Shareek Programme, and we look forward to continuing to partner with MISA on other important projects going forward,” said Nick Simpson (Managing Partner – Saudi Arabia).
The Dentons team was led by partners, Nick Simpson (Riyadh) and Hamish Walton (Melbourne), who were further supported by a team of lawyers from across various offices, including: Roger Matthews (Partner, London), Brian Lee (Partner, New York), Xiaoyi Tang (Partner, Brussels), Daniel Lund (Counsel, London), John Balouziyeh (Senior Legal Consultant, Riyadh), Shahzaib Khan (Senior Legal Consultant, Riyadh), Mary Ann Sharp (Senior Legal Consultant, Kuwait), Taras Povoroznuik (Trade Policy Adviser, Brussels), Kurt Tiam (Senior Associate, Melbourne), Nicholas Cousins (Solicitor, Melbourne), Kate Poppitt (Associate, London), Elizabeth Duncan (Associate, London) and Amia Tahir (Solicitor Apprentice, London).
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