K&A successfully advised Tatweer Buildings Company (TBC), a company owned by the PIF, on the structuring, negotiation, and execution of the relevant project documents, including the Project Agreement, of Wave 1 of the Schools Infrastructure Development Public Private Partnership Program. The project is designed to expand the existing education facilities in the Kingdom of Saudi Arabia and respond to the increasing demand for education services and is a crucial part of the wider initiative to achieve the Vision 2030 of the Kingdom of Saudi Arabia. Wave 1 of the Program involves the design, build, financing and maintenance of 60 schools and associated facilities in the cities of Jeddah and Makkah.
Other government stakeholders involved in this project include Ministry of Finance (MOF) of Kingdom of Saudi Arabia and National Centre for Privatization (NCP).
The team working on this project was led by Managing Partner Zeyad Khoshaim, Projects & Finance Partner Karim Wali, Projects & Finance Counsel Hamdan van den Brule, associate Ghadah AlOtaibi, and associate Omar Alqazlan, and worked with colleagues at HSBC, Allen & Overy, and AECOM.
This transaction recognizes K&A’s on-the-ground PPP expertise and its deep bench. It comes on the heels of K&A having been named Saudi Arabian Law Firm of the Year by IFLR Middle East Awards, winning Equity Deal of the Year, and Domestic Deal of Year.