Abuhimed Alsheikh Alhagbani Law Firm (AS&H), a top law firm in Saudi Arabia, in co-operation with Clifford Chance advised Qiddiya Investment Company (QIC) in relation to the SR3.75 billion ($1 billion) Six Flags Qiddiya contract.
The contract was awarded to Bouygues Bâtiment International (BBI) - a subsidiary of Bouygues Construction and Saudi Almabani General Contractors.
Situated on the outskirts of the Saudi Arabian capital Riyadh, Qiddiya is planned to become a leader in entertainment, sports and the arts and a destination that presents a wide spectrum of offerings that include sports, wellness, nature, environment, parks, attractions, mobility as well as arts and culture. The theme park will cover an area of 320,000 square meters and will feature 28 rides and attractions of which 10 will be thrill rides and 18 rides designed for families and young children.
The joint AS&H and Clifford Chance team was led by Partners Majid Al-Sheikh and Daniel Royle and Head of Construction Inaamul Laher, with support from Anna Cornelius, Sultan Al-Fayez (Senior Associates), Damon Dae-Il Kim and Alhanouf Al-Sultan (Associates).
AS&H and Clifford Chance have a strong track record of advising on some of the largest, most innovative and most complex deals in the Middle East having recently advised the Public Investment Fund (PIF) on the successful completion of its approximately SR2.83 billion capital increase in Emaar, The Economic City (EEC) through the conversion of debt to equity as well as King Abdullah Financial District (KAFD), one of the largest real estate projects in the region, on their successful sale of a 53-floor tower to Riyad Bank to become Riyad Bank’s headquarters.- TradeArabia News Service
AS&H advises QIC on $1bn Six Flags Qiddiya deal
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