Latham & Watkins Advises Aqaba Development Corporation on the Construction of the New Port of Aqaba

The firm advises Aqaba Development Corporation on the procurement of the third and final construction package for the New Port of Aqaba.

July 21, 2014

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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