27th of December 2023
S&S acting as Egyptian counsel to EBRD, IFC, AIIB, DEG and Proparco to provide a US$ 455 million financing package to develop the superstructure of the second container terminal in Damietta Port in Egypt
Keywords: Infrastructure and Power
We were delighted to participate in the signing of the Financing Documents for the transformative Damietta Port Project, further to the signing of the Step-In Agreement by the Ministry of Transport earlier. The Step-In Agreement was signed at the Ministry of Transport with the attendance of his Excellency General Kamel El Wazir (Minister of Transport), her Excellency Dr. Rania A. Al-Mashat (Minister of International Cooperation) and General Ahmed Hawash (Chairman of the Damietta Port Authority). We proudly hosted the signing of the other Financing Documents at Sharkawy & Sarhan offices later that day. This groundbreaking project is set to redefine regional trade Dynamics, boost economic growth, and strengthen international ties.
We are very proud to have contributed to such a huge transaction by acting as Egyptian counsel to EBRD, IFC – International Finance Corporation, Asian Infrastructure Investment Bank (AIIB), DEG and Proparco to provide a US$ 455 million financing package to develop the superstructure of the second container terminal in Damietta Port in Egypt.
The project has a considerable market impact as it heavily contributes to local trade and the overall governmental strategy to position Egypt as a global trade hub, whereby it is expected to have a final operational minimum capacity of 3.3 million TEUs. In addition, the project is the cornerstone for the ambitious and transformative government plan for creating the “Damietta Integrated Logistic Corridor for Containers”.
Well done to our Power, Utilities, and Infrastructure team for their hard work and commitment to the transaction, Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary, Associate Nadin Ghaleb and Associate Ahmed Rifaat. Your Efforts paid off!
A big shout out to all involved for their team spirit and collaborative attitude.
IFC – International Finance Corporation: Max-Henrik Blom, Randa El Brollossy, Ekaterina Gureshidze.
EBRD: Haytham Eissa, Hana Khaled, Hany Nabil Mostafa and Ilgiz Akhmadiv.
DEG: Carsten Röth and Angela Reif-Kerper.
Proparco: Virgile Meglouli.
Asian Infrastructure Investment Bank (AIIB): Eric Massart and Veronique Allarousse FCIArb.
PwC: Andreas Funke, Tim Scholz and Finn Schaper.
Hapag-Lloyd (UK) Limited: Thomas Henrichs and Juan Pablo Richards Bravo.
EUROGATE Group: Tom Eckelmann and Carl Augustin.
Ship & Crew: Marawan Mahmoud ElSammak
MELC: Moatassem Fayed
Damietta Alliance Container Terminals (the Borrower): Matthieu Michel Oliver Gasselin (Vice Chairman) and Juan Pablo Richards Bravo (Chairman)
Special thanks to our partners and colleagues.
Allen & Overy: Tim Scales, Urvi Gudka, Eleanor Milne, Andrew Wells, Sheza Tariq and Zaynab Ahmed.
Clifford Chance: Anna Thwaites, Maria Gonzalez and Madalina Mailat.
Matouk Bassiouny: Mahmoud Bassiouny and Myriam F.
We were delighted to participate in the signing of the Financing Documents for the transformative Damietta Port Project, further to the signing of the Step-In Agreement by the Ministry of Transport earlier. The Step-In Agreement was signed at the Ministry of Transport with the attendance of his Excellency General Kamel El Wazir (Minister of Transport), her Excellency Dr. Rania A. Al-Mashat (Minister of International Cooperation) and General Ahmed Hawash (Chairman of the Damietta Port Authority). We proudly hosted the signing of the other Financing Documents at Sharkawy & Sarhan offices later that day. This groundbreaking project is set to redefine regional trade Dynamics, boost economic growth, and strengthen international ties.
We are very proud to have contributed to such a huge transaction by acting as Egyptian counsel to EBRD, IFC – International Finance Corporation, Asian Infrastructure Investment Bank (AIIB), DEG and Proparco to provide a US$ 455 million financing package to develop the superstructure of the second container terminal in Damietta Port in Egypt.
The project has a considerable market impact as it heavily contributes to local trade and the overall governmental strategy to position Egypt as a global trade hub, whereby it is expected to have a final operational minimum capacity of 3.3 million TEUs. In addition, the project is the cornerstone for the ambitious and transformative government plan for creating the “Damietta Integrated Logistic Corridor for Containers”.
Well done to our Power, Utilities, and Infrastructure team for their hard work and commitment to the transaction, Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary, Associate Nadin Ghaleb and Associate Ahmed Rifaat. Your Efforts paid off!
A big shout out to all involved for their team spirit and collaborative attitude.
IFC – International Finance Corporation: Max-Henrik Blom, Randa El Brollossy, Ekaterina Gureshidze.
EBRD: Haytham Eissa, Hana Khaled, Hany Nabil Mostafa and Ilgiz Akhmadiv.
DEG: Carsten Röth and Angela Reif-Kerper.
Proparco: Virgile Meglouli.
Asian Infrastructure Investment Bank (AIIB): Eric Massart and Veronique Allarousse FCIArb.
PwC: Andreas Funke, Tim Scholz and Finn Schaper.
Hapag-Lloyd (UK) Limited: Thomas Henrichs and Juan Pablo Richards Bravo.
EUROGATE Group: Tom Eckelmann and Carl Augustin.
Ship & Crew: Marawan Mahmoud ElSammak
MELC: Moatassem Fayed
Damietta Alliance Container Terminals (the Borrower): Matthieu Michel Oliver Gasselin (Vice Chairman) and Juan Pablo Richards Bravo (Chairman)
Special thanks to our partners and colleagues.
Allen & Overy: Tim Scales, Urvi Gudka, Eleanor Milne, Andrew Wells, Sheza Tariq and Zaynab Ahmed.
Clifford Chance: Anna Thwaites, Maria Gonzalez and Madalina Mailat.
Matouk Bassiouny: Mahmoud Bassiouny and Myriam F.
S&S acting as Egyptian counsel to EBRD, IFC, AIIB, DEG and Proparco to provide a US$ 455 million financing package to develop the superstructure of the second container terminal in Damietta Port in Egypt
27th of December 2023
Keywords: Infrastructure & Power
We were delighted to participate in the signing of the Financing Documents for the transformative Damietta Port Project, further to the signing of the Step-In Agreement by the Ministry of Transport earlier. The Step-In Agreement was signed at the Ministry of Transport with the attendance of his Excellency General Kamel El Wazir (Minister of Transport), her Excellency Dr. Rania A. Al-Mashat (Minister of International Cooperation) and General Ahmed Hawash (Chairman of the Damietta Port Authority). We proudly hosted the signing of the other Financing Documents at Sharkawy & Sarhan offices later that day. This groundbreaking project is set to redefine regional trade Dynamics, boost economic growth, and strengthen international ties.
We are very proud to have contributed to such a huge transaction by acting as Egyptian counsel to EBRD, IFC – International Finance Corporation, Asian Infrastructure Investment Bank (AIIB), DEG and Proparco to provide a US$ 455 million financing package to develop the superstructure of the second container terminal in Damietta Port in Egypt.
The project has a considerable market impact as it heavily contributes to local trade and the overall governmental strategy to position Egypt as a global trade hub, whereby it is expected to have a final operational minimum capacity of 3.3 million TEUs. In addition, the project is the cornerstone for the ambitious and transformative government plan for creating the “Damietta Integrated Logistic Corridor for Containers”.
Well done to our Power, Utilities, and Infrastructure team for their hard work and commitment to the transaction, Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary, Associate Nadin Ghaleb and Associate Ahmed Rifaat. Your Efforts paid off!
A big shout out to all involved for their team spirit and collaborative attitude.
IFC – International Finance Corporation: Max-Henrik Blom, Randa El Brollossy, Ekaterina Gureshidze.
EBRD: Haytham Eissa, Hana Khaled, Hany Nabil Mostafa and Ilgiz Akhmadiv.
DEG: Carsten Röth and Angela Reif-Kerper.
Proparco: Virgile Meglouli.
Asian Infrastructure Investment Bank (AIIB): Eric Massart and Veronique Allarousse FCIArb.
PwC: Andreas Funke, Tim Scholz and Finn Schaper.
Hapag-Lloyd (UK) Limited: Thomas Henrichs and Juan Pablo Richards Bravo.
EUROGATE Group: Tom Eckelmann and Carl Augustin.
Ship & Crew: Marawan Mahmoud ElSammak
MELC: Moatassem Fayed
Damietta Alliance Container Terminals (the Borrower): Matthieu Michel Oliver Gasselin (Vice Chairman) and Juan Pablo Richards Bravo (Chairman)
Special thanks to our partners and colleagues.
Allen & Overy: Tim Scales, Urvi Gudka, Eleanor Milne, Andrew Wells, Sheza Tariq and Zaynab Ahmed.
Clifford Chance: Anna Thwaites, Maria Gonzalez and Madalina Mailat.
Matouk Bassiouny: Mahmoud Bassiouny and Myriam F.
We were delighted to participate in the signing of the Financing Documents for the transformative Damietta Port Project, further to the signing of the Step-In Agreement by the Ministry of Transport earlier. The Step-In Agreement was signed at the Ministry of Transport with the attendance of his Excellency General Kamel El Wazir (Minister of Transport), her Excellency Dr. Rania A. Al-Mashat (Minister of International Cooperation) and General Ahmed Hawash (Chairman of the Damietta Port Authority). We proudly hosted the signing of the other Financing Documents at Sharkawy & Sarhan offices later that day. This groundbreaking project is set to redefine regional trade Dynamics, boost economic growth, and strengthen international ties.
We are very proud to have contributed to such a huge transaction by acting as Egyptian counsel to EBRD, IFC – International Finance Corporation, Asian Infrastructure Investment Bank (AIIB), DEG and Proparco to provide a US$ 455 million financing package to develop the superstructure of the second container terminal in Damietta Port in Egypt.
The project has a considerable market impact as it heavily contributes to local trade and the overall governmental strategy to position Egypt as a global trade hub, whereby it is expected to have a final operational minimum capacity of 3.3 million TEUs. In addition, the project is the cornerstone for the ambitious and transformative government plan for creating the “Damietta Integrated Logistic Corridor for Containers”.
Well done to our Power, Utilities, and Infrastructure team for their hard work and commitment to the transaction, Partner Mohamed Nabil Hazzaa, Senior Associate Nesma Abdelbary, Associate Nadin Ghaleb and Associate Ahmed Rifaat. Your Efforts paid off!
A big shout out to all involved for their team spirit and collaborative attitude.
IFC – International Finance Corporation: Max-Henrik Blom, Randa El Brollossy, Ekaterina Gureshidze.
EBRD: Haytham Eissa, Hana Khaled, Hany Nabil Mostafa and Ilgiz Akhmadiv.
DEG: Carsten Röth and Angela Reif-Kerper.
Proparco: Virgile Meglouli.
Asian Infrastructure Investment Bank (AIIB): Eric Massart and Veronique Allarousse FCIArb.
PwC: Andreas Funke, Tim Scholz and Finn Schaper.
Hapag-Lloyd (UK) Limited: Thomas Henrichs and Juan Pablo Richards Bravo.
EUROGATE Group: Tom Eckelmann and Carl Augustin.
Ship & Crew: Marawan Mahmoud ElSammak
MELC: Moatassem Fayed
Damietta Alliance Container Terminals (the Borrower): Matthieu Michel Oliver Gasselin (Vice Chairman) and Juan Pablo Richards Bravo (Chairman)
Special thanks to our partners and colleagues.
Allen & Overy: Tim Scales, Urvi Gudka, Eleanor Milne, Andrew Wells, Sheza Tariq and Zaynab Ahmed.
Clifford Chance: Anna Thwaites, Maria Gonzalez and Madalina Mailat.
Matouk Bassiouny: Mahmoud Bassiouny and Myriam F.
