The BESIX-Plenary Group consortium has reached financial close for the Khalifa City School project in Abu Dhab ..Read More

The BESIX-Plenary Group consortium has reached financial close for the Khalifa City School project in Abu Dhabi, which will accommodate 3,380 students. This project, part of the Zayed City Schools PPP, was fast-tracked using an innovative procurement framework developed by the Abu Dhabi Investment Office (ADIO), enabling completion by August 2026. The project includes design, build, finance, and 18-year operation and maintenance, with financing provided by Plenary, BESIX, and international banks.
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• Finance
• PPP

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt ..Read More

ACWA Power, in partnership with HAU Energy, has achieved financial close for the 1.1GW Suez Wind Farm in Egypt, the largest single-contracted wind farm in the Middle East. The project, valued at $1.2 billion, will contribute to Egypt's renewable energy goals, reducing CO2 emissions by 1.1 million tonnes annually. It secured a $703.6 million debt facility from a consortium of banks and is expected to begin operations by Q2 2027.
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• Finance

Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credi ..Read More

Saudi Electricity Company (SEC) has signed a USD 3.6 billion (SAR 13.5 billion) International Syndicated Credit Facility agreement, involving several major banks including ICBC, Bank of China, and First Abu Dhabi Bank. The financing, with a duration of 5 years and an optional 2-year extension, will support SEC’s operations and projects.
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• Finance

EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastruc ..Read More

EDF Group and the Masdar Consortium have achieved financial close on a $1.5 billion multi-utilities infrastructure project for AMAALA, Saudi Arabia’s luxury, eco-friendly Red Sea destination. Powered by 250 MW of solar energy, advanced desalination, and battery storage, the project positions AMAALA to lead in regenerative tourism and sustainability, with completion targeted for 2025.
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• AMAALA
• Finance
• Power

ACCIONA Secures €300M Green Loan with Local Impact for GCC Sustainable Projects, Led by First Abu Dhabi Bank ..Read More

ACCIONA Secures €300M Green Loan with Local Impact for GCC Sustainable Projects, Led by First Abu Dhabi Bank and Standard Chartered as Coordinators; Funds to Advance Low-Carbon Materials and Aligned with EU Green Taxonomy
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• Finance

Hafeet Rail Secures RO 577M in Project Finance from UAE and Omani Banks for Emirati-Omani Rail Link, with Lead ..Read More

Hafeet Rail Secures RO 577M in Project Finance from UAE and Omani Banks for Emirati-Omani Rail Link, with Lead Financial Advisor Standard Chartered and Co-Advisor First Abu Dhabi Bank; Project to Connect Port of Sohar and Abu Dhabi by 2026, Boosting Trade
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• Finance