Milbank Receives Three “Deal of the Year” Awards from Proximo Middle East & Africa

Milbank LLP received three “Deal of the Year” awards at the Proximo Middle East & Africa Awards in recognition of its market-leading work in the region. The Middle East & Africa Awards ceremony was held on March 14, 2023, in Dubai and was attended by London Global Projects, Energy & Infrastructure Group partners John Dewar and Munib Hussain.

The Proximo Deals of the Year Awards recognize notable transactions across the region in the infrastructure and energy sectors. Winners are selected based on input from the publication and peer firms across various sectors and regions.

John Dewar, a partner in the firm’s Global Project, Energy and Infrastructure Finance Group, noted: “We are delighted to have worked on these truly ground-breaking deals in the Middle East & Africa region. Our dedicated team continues to advise on the most innovative and complex matters in the M&A and project finance field.”

Milbank transactions were honored in the following categories:

• Overall Middle East and Africa – ADNOC Lightning Offshore Transmission: Milbank advised JBIC, K-EXIM and the commercial banks on ADNOC’s $3.6 billion sub-sea power cable project which will connect ADNOC’s offshore oil rigs to renewable energy sources in the UAE, substantially reducing carbon emissions in the oil production process .
• Middle East & Africa Power – ADNOC Lightning Offshore Transmission.
• Middle East & Africa Wind – Amunet Wind: Milbank LLP advised JBIC, NEXI, IFC and the international and Egyptian commercial banks on the 505 MW Amunet Wind Project – the largest wind farm in Egypt. The Amunet Wind Project was announced in Cairo on 30 November 2022 around COP27. The US$800 million finance package will support UAE-based AMEA Power and Japan’s Sumitomo Corporation to build, own and operate the Amunet wind farm which will help reduce Egypt's carbon footprint by 1.7 million tons of greenhouse gases annually.

Milbank has one of the largest project, energy and infrastructure groups in the world, with over 125 dedicated lawyers in its offices across the world. In recent years, the firm has acted as the lead legal advisor in a wide variety of power, energy, oil/gas, natural resources and other infrastructure projects worldwide that have mobilized hundreds of billions of dollars of capital.

Click here to read more about the 2022 Proximo EMEA Awards.