Our first edition of 2022 focuses on Healthcare and Life Sciences. It is a sector that will once again have the spotlight on it this year as we continue to tackle COVID-19 and its subsequent variants. While the pandemic continues to challenge the sector, governments across the region forge ahead with their plans to expand and upgrade healthcare systems and develop robust world-class healthcare infrastructure.
For the region, healthcare is a vital pillar in diversifying its economies, both locally and as medical tourism hubs. To underpin this, healthcare authorities across the region continue to implement frameworks and regulations that provide structure and accountability.
In this edition, you have unique access to great insights and expert commentary on a number of pertinent healthcare regulatory developments. You will find a topical mix of articles; for example, our lawyers discuss vaccines and returning to work during the pandemic. They take you through several other areas, including stem cell research in Bahrain, clinical research laws in Egypt, and Saudi medical device and pharmaceutical laws.Take a read of the edition
Al Tamimi & Company, the leading law firm in the Middle East and North Africa (MENA), has advised BlackRock Global Energy & Power Infrastructure Fund III (“BlackRock”) as lead member of a consortium on the purchase of an equity stake in Aramco Gas Pipelines Company for $15.5 billion.
The transaction marks one of the world’s largest energy infrastructure deals, where Aramco will hold a 51% majority stake in Aramco Gas Pipeline Company and sell a 49% stake to investors led by BlackRock. As part of the transaction, the newly-formed subsidiary, Aramco Gas Pipelines Company, will lease usage rights in Saudi Aramco’s gas pipelines network and lease them back to Aramco for a 20-year period.
“Saudi Arabia is a key market for the firm and we have dedicated time and resources to build a strong presence and house the right capabilities in the Kingdom. Working on a transaction of this magnitude highlights our in-country expertise and experience, and this played a vital role in advising BlackRock to successfully acquire an equity stake in Aramco Gas Pipelines Company.
“The team is proud to have been part of this landmark deal. We worked closely with BlackRock’s lead Legal Advisor Slaughter & May to get this deal over the line.
“We provided advice on a wide range of Saudi legal and regulatory issues including Corporate and Competition Law, regulatory, banking and security, and tax. In addition, Al Tamimi & Company provided Saudi Law review and related drafting of the transaction documents.”
The deal, is part of Saudi Arabia’s drive to sell assets and use the money to fund new industries, from artificial intelligence to electric vehicles, while also increasing output of both oil and gas.