The project was procured by ADSSC (Abu Dhabi Sewerage Services Company), a wholly owned subsidiary of ADWEA (Abu Dhabi Water and Electricity Authority).
Biwater International Limited (a subsidiary of Biwater plc) and Emirates Utilities Companies Holdings LLC (a subsidiary of Mohammed Abdulmohsin - Al-Kharafi & Sons General Trading Contracting and Industrial Structures Company, WLL) are the sponsors. Milbanks and Emirates International Law Firm acted for the sponsors. Dewey & LeBoeuf acted for ADSSC and ADWEA.
Peter Avery, Banking & Finance partner commented:
"As the economies and population of the UAE and the Middle East generally increases to grow, these types of infrastructure projects are becoming increasingly important. We were delighted to be involved in what we see as a ground breaking project for the region."
The Clifford Chance team was led by Peter Avery in Dubai and comprised Ali Wills, Shani Long and Helen Welsh. Paget Dare-Bryan and Diane Browne helped on the swaps from Hong Kong.
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