Press releases

Clifford Chance advises Abdul Latif Jameel on the establishment of a joint venture with Emaar *

Clifford Chance has advised the Abdul Latif Jameel group (ALJ) on the establishment of a strategic real estate joint venture with Emaar Properties PJSC. The Saudi focused joint venture, to be named Emaar Jameel, will develop integrated property projects in the Kingdom of Saudi Arabia covering the commercial, residential, leisure and retail sectors.

13 May 2014

Corporate partner Mohammed Al-Shukairy led a team from the Dubai and Riyadh offices to advise ALJ on all aspects of the transaction including corporate, regulatory and real estate advice.  Mohammed was supported by senior associate Daud Khan and associate Roxana Ghiassee in Dubai and senior associate Majid Al Sheikh in Riyadh. 

Mohammed comments: "The transaction brings together two regional powerhouses to the real estate market at a time when the Government of Saudi Arabia has shown a renewed focus on real estate, in particular, housing projects, in the Kingdom."

ALJ, one of the region's largest and most highly regarded family conglomerates, with increasingly diversified interests in automotive, financial services, consumer goods and retail and other sectors, now has its outbound M&A team headquartered in Dubai. It is a long standing client of Clifford Chance.