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Al-Mirsal Insights and commentary on legal developments in the Middle East

Category Archives: Project Development and Finance

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#AbuDhabi Department of Transport begins procurement of its metro and #light rail plans

Posted in Project Development and Finance

Abu Dhabi’s Department of Transport has recently announced that it is pressing ahead with the procurement of the first phase of its metro and light rail project, representing not only a significant step in the development of the Emirate’s critical infrastructure, but also marking a renewed confidence and welcome return of the infrastructure development market… Continue Reading

K.A.CARE Sheds Light on Renewable Energy Program

Posted in Project Development and Finance, Renewables

The King Abdullah City for Atomic and Renewable Energy (K.A.CARE) has recently published its consultation white paper for the “Proposed Competitive Procurement Process for the Renewable Energy Program.” The paper outlines the Competitive Procurement Process (the CPP) contemplated by K.A.CARE for solar, wind, geothermal and waste to energy projects in the Saudi Arabia. The publication… Continue Reading

Reforms to Banking Disputes in Saudi Arabia

Posted in Banking and Finance, Islamic Finance, Project Development and Finance, Regulatory

Several new laws have taken effect in recent months in the Kingdom of Saudi Arabia from arbitration to the establishment of a centre for registration of lien and the long awaited mortgage law. As part of the restructuring underway in the Saudi Arabian judiciary system, long standing regulations for the resolution of banking disputes in the… Continue Reading

Iraq: Opportunities Despite Ongoing Uncertainty

Posted in Capital Markets, Project Development and Finance

Few countries in the world have come close to matching Iraq in terms of contradictory media coverage in recent years. Stories of economic growth and opportunity are tempered by reports of political, tribal and sectarian divisions. While the world is focussed on insecurity in the immediate aftermath of the withdrawal of US troops from Iraq… Continue Reading