Dentons Spearheads Legal Counsel for Saudi Arabia's Shareek Programme
Dentons Spearheads Legal Counsel for Saudi Arabia's Shareek Programme
Saudi Arabia's Ministry of Investment (MISA) received legal counsel from Dentons, a prominent global law firm, for seven out of 12 economic support deals that comprised MISA's inaugural set of projects under the Private Sector Partnership Reinforcement (Shareek) Programme.
These seven projects amounted to a total value of US $51 billion. The aim of this first wave of projects is to generate more than US $125 billion in GDP growth by 2040 and create roughly 65,000 job opportunities within the local community.
Saudi Arabia's Shareek Programme has been specifically developed to support major companies, enabling them to fully realise their potential and contribute towards achieving the national targets set out by Vision 2030.
By providing strategic support, the programme aims to unlock the Kingdom's private sector, boosting economic growth and prosperity.
"It can't be underestimated just how vital a role these projects will play in Saudi Arabia’s ongoing development as the Kingdom continues to strive forward with its Vision 2030. We are proud to have worked together with MISA on a majority of the twelve projects that formed part of the first wave of the Shareek Programme, and we look forward to continuing to partner with MISA on other important projects going forward," said Nick Simpson, Dentons’ Saudi Arabia managing partner.
Nick Simpson (Riyadh) and Hamish Walton (Melbourne), partners at Dentons, led the legal team for the Shareek Programme and were assisted by a group of lawyers from different offices.
The team included Roger Matthews (Partner, London), Brian Lee (Partner, New York), Xiaoyi Tang (Partner, Brussels), Daniel Lund (Counsel, London), John Balouziyeh (Senior Legal Consultant, Riyadh), Shahzaib Khan (Senior Legal Consultant, Riyadh), Mary Ann Sharp (Senior Legal Consultant, Kuwait), Taras Povoroznuik (Trade Policy Adviser, Brussels), Kurt Tiam (Senior Associate, Melbourne), Nicholas Cousins (Solicitor, Melbourne), Kate Poppitt (Associate, London), Elizabeth Duncan (Associate, London) and Amia Tahir (Solicitor Apprentice, London).
