Latham & Watkins Advises Aqaba Development Corporation on the Construction of the New Port of Aqaba
21/07/2014 2:46 pm EDT


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Latham & Watkins advised Aqaba Development Corporation (ADC) on the procurement of the third and final construction package for the New Port of Aqaba – the JD50 million (US$70 million) EPC arrangements for the onshore infrastructure works signed with MID Contracting Company LLC in June 2014.

Latham & Watkins also advised ADC on the procurement of the first and second construction packages for the New Port of Aqaba – the JD65 million (US$90 million) EPC arrangements for the marine works signed with BAM International Abu Dhabi LLC and MAG Contracting & Engineering in December 2011, and the JD48 million (US$68 million) EPC arrangements for the grain terminal signed with Pertech Industrial Equipment & Supplies FZE and Omar Abu Sa’ad & Sons Co. in October 2012.

As part of the development of the wider Aqaba Special Economic Zone, Latham & Watkins also advised ADC on the procurement of the JD46.5 million (US$65 million) EPC arrangements for the new LNG terminal signed with BAM International Abu Dhabi LLC and MAG Engineering & Contracting Engineering Co. in December 2013 and the JD17 million (US$24 million) EPC arrangements for the new LPG terminal signed with Butec S.A.L. and Ahmad Yousef Al-Tarawneh & Partners Co. in January 2014.

The Latham & Watkins’ Abu Dhabi-based team was led by partner Villiers Terblanche with associate Derek McKinley.

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