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Bracewell Represents Lenders on Al Ansar Hospital PPP in Saudi Arabia

DUBAI & LONDON – Bracewell LLP represented a lending group comprising Alinma Bank, Riyad Bank and Natixis Corporate & Investment Banking in relation to the Al Ansar Hospital PPP in Madinah, Saudi Arabia. The developers of the project are Tamasuk and Alghanim International.

The project comprises the design, procurement, construction, commissioning, operation and maintenance of a 244-bed public emergency hospital and associated facilities in Madinah, Saudi Arabia. This landmark project, realised under the Ministry of Health Saudi Arabia MOH PSP Initiative, will improve healthcare services for the residents of Madinah, as well as for pilgrims during Hajj and Umrah. Bracewell was supported by STAT Law in the Kingdom.

Tom Swarbrick, who led the Bracewell team, commented: “We are delighted to have advised the lenders in relation to this significant project financing, the first healthcare PPP in Saudi Arabia. This important project sets a precedent for future healthcare PPPs in the Kingdom and across the Middle East. The stakeholders on this deal are highly skilled at developing pathfinder projects and will deliver a first-class facility for the Ministry of Health. Our experienced infrastructure team excels at complex, first-of-a-kind deals and we are incredibly proud to support our clients to fulfil their ambitions in Saudi Arabia.”

Bracewell lawyers involved in the project include:

Partners: Tom Swarbrick, Oliver Irwin, Tom Jamieson and Andrej Kormuth

Senior Counsel: Bagyasree Nambron

Senior Associates: Nick Meyer and Shayan Najib

Associates: Sameer Ahuja and Onis Chukwueke-Uba

Paralegals: Tess Luijcx and Ghaidaa Qaraqish