25 - 26 May 2010, Abu Dhabi, United Arab Emirates
Entering 2010, the world’s economies are still recovering from the Credit Crunch. Regional Project Finance has been turned upside down – in 2007 projects were awash with funding regardless of their viability, come 2009 sponsors are struggling to secure lending for their projects.
The majority of projects currently being financed either belong to the Oil Gas industry or are government supported. For the few projects successful in securing funding, the criterion has changed radically with meticulous scrutiny, high costs of borrowing and short tenors being order of the day.
According to a renowned regional research entity, the Middle East project finance industry relies mainly on bank assets for its funding needs, with limited funding coming from the stock market, trailed by debt securities. Post-crisis, these too are proving to be a challenging catch. Cross-border lending has ceased as most local banks choose to fund local projects; as a result, larger projects are being financed predominantly by international banks. Furthermore, the number of banks collaborating to lend to projects has also increased, bringing with it legal complexities. On the other hand, the recent volatility of the stock market has made investors cautious about their investments.
Islamic finance has come to the fore as an upcoming means of funding – however the nascent industry has to be nurtured in order to make it capable of providing financing solutions to large-scale projects that require long-tenors. Projects have to be structured to ensure Sharia compliance while providing risk mitigation – a thin line that has to be traversed.
Driven by the proficiency of industry pioneers and experts, the 6th Annual Project Finance Forum 2010 will answer the question of liquidity facing the majority of regional projects. The conference will host sponsors and lenders to devise solutions for the project finance industry and create the blueprint for reviving regional projects while diversifying and bolstering the financing instruments available.
Key speakers:
- Ahmed Al-Jogaiman, Executive Vice President, Finance, Saudi Electricity Company
- Rania G. Zayed, Advisor to the Minister & Head of PPP CU, Ministry of Finance, Egypt
- Jonathan Robinson, Managing Director, Head of Project Finance, MENA, HSBC
- Rajiv Shukla, Managing Director & Head of Debt Capital Markets - MENA, HSBC
- Paul Noumba Um, Lead Economist, Sustainable Development – MENA Region, The World Bank Group
- Faisal Qadri, Associate Director Project & Export Finance, HSBC Amanah
- Greg Fewer, Associate Director, Project & Corporate Finance, Mubadala Development Company
- Christophe Mariot, Regional Head of ECEP, BNP Paribas
- Peter Goodall, MD, Head of Natural Resources, Structured Finance Division, Credit Agricole
- Karel Breda, Head of Acquisitions, Investments & Financial Advisory MENA, GDF Suez
- Baljeet Kaur, Managing Director & Vice Chairman, Kuwait Finance House Research Ltd.
- Rustam Mohd. Idris, Deputy Director, Islamic Banking & Takaful, Bank Negara Malaysia
- Mark Lemmon, Chief Executive Officer, MENA Infrastructure Fund
- Thierry Tardy, Director, Acquisitions & Project Finance, ACWA Power
- Abraham Akkawi, Head of Infrastructure and PPP Advisory Services Middle East, Ernst & Young
- Sohail Barkatali, Partner, Chadbourne & Parke LLC
- Richard Keenan, Partner, Chadbourne & Parke LLC
- Seyed Abdoljavad Alavi, President, Pooya Energy
Advisors:
Jonathan Robinson, Managing Director, Head of Project Finance, MENA, HSBC
Ivan Woods, Sr. Investment Analyst & PPP Specialist, IFC
Nicolas Thevenot, EVP – Project & Trade Finance, APICORP
Karel Breda, VP – Corporate & Project Finance, GDF Suez International
James Finucane ACA, Manager Project Finance, Emirates Steel
Diederik van den Berg, Head of Structured Finance, Middle East, ING Bank
Kelly Thomson, Advisor, Project & Corporate Finance, Mubadala Development Company
Key Topics:
- Evolution 2000 – 2010: Challenges, Characteristics and Transition
- Money Tree: Identifying pools of Capital
- Pan Post – Crisis: Financing Structuring Dynamics for Ongoing New Projects
- SME Financing: Overcoming Financing Challenges through Innovative Solutions
- It’s Official: Learn how the government can support Project Financing
- Islamic Finance: Nurturing this nascent industry
Who should attend:
CEOs, CFOs, Presidents and Head of Project finance from Petrochemical, Water, Power and Metal producing companies. Project development and finance lawyers; transaction lawyers in energy, water and other infrastructure. Investment and Commercial Bankers, Islamic bankers, Financial and legal consultants, Rating Analysts, Government Officials, ECA Representatives and Monocline Insurers.
Positions:
Managing Directors/ Board of Directors, General Managers, Project Managers, Directors, Financial Controllers, Analysts, Contract Directors, Business Development Directors, Chairman, CEOs, CFOs, Chief executive partner, Board of Directors, Partners, Partners, Senior Associates, Global / Regional Head of Project Finance, Interim Finance Project Consultant, Projects consultant, Undersecretary to the Minister, Advisor to the Undersecretary, General Director, Deputy Director General, Deputy General Manager, Head of Project Finance, Director, Government Shareholding, Head of Project Finance, Head of Treasury, Head of Diversified Projects, Head of Financial Control, Head of GCC Equities, President/ Vice President, Financial Analyst, Treasurer, Finance Managers, Project Portfolio Managers, Business Analysts, PPP & PFI Directors / Managers / Advisors, Equity Analysts , Investment Banking Manager, Corporate Banking Managers, Project Finance Manager, Head of Structured Finance, Head of Trade/ Export Finance, Project Portfolio Managers, Business Analysts
Industries:
* Engieneering and Contracting Companies
* Project Finance Lawyers
* Financial Consultants
* Government (public) sector
+ The Ministry / Government regulatory Authorities (economic development, Investment, transportation, Oil & Gas, water & electricity, finance & national economy
+ Government / semi government funding bodies should be included
+ Government/ Private owned oil & gas, petrochemical and metal & mining companies
* Investment and Commercial Bankers / Islamic bankers
* Export Credit Agencies
* Credit Rating Companies
Brochure Request
| Event info: T: +9181 0580 5411 F: +9180 4050 9933 E: lucia.kasanicka@fleminggulf.com |
Sponsorship info: T: +91 97311 83803 F: +9180 4050 9933 E: john.paul@fleminggulf.com |
Sponsors
Silver sponsor:
With more than 800 lawyers in 14 offices, Akin Gump Strauss Hauer & Feld LLP is one of the world’s largest law firms. A frequent recipient of industry recognition for its strength in litigation and high-stakes appellate work, its leadership in groundbreaking transactions and its depth in public policy, Akin Gump provides a comprehensive suite of services for global companies and local individuals. Our team of litigators, dealmakers, and policy lawyers and advisors collaborate with a single goal: the success of our clients.
Associate sponsors:
Chadbourne operates as a single, integrated partnership, rather than a U.S.-based firm with a network of overseas offices. Lawyers from multiple offices regularly work together to share their knowledge and experience of local law and practice. This multidisciplinary approach enables us to achieve efficient, effective and practical results for our clients. The range of Chadbourne’s experience, across industries and regions, means that we can provide our clients with confident, informed guidance on their legal and business matters. Long-standing relationships with clients around the world speak to the quality of our work and our ability to respond to clients’ changing needs.
The Middle East practice of Ernst & Young has been operating in the region since 1923. For over 85 years, we have evolved to meet the legal and commercial developments of the region. Across the Middle East, we have over 4,000 people who are united across 18 offices and 13 Arab countries, sharing the same values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Vinson & Elkins LLP (V&E) is international law firm with 775 lawyers in 14 offices around the world, including in Abu Dhabi and Dubai. Our market-leading Project Finance and Development Practice is global in scope and reputation and our experience in the Middle East extends more than 30 years. V&E's team of English, U.S., and regionally qualified lawyers in the Middle East is integrated with the firm’s worldwide network, allowing us to deliver a broad-range of capabilities to clients across business and industry sectors regardless of location.
Association:
The International Private Water Association (IPWA) was formed in 1999 to address the changing dynamics taking place in individual countries around the world within the context of the evolving water/wastewater infrastructure project and service arena. The Association serves as a conduit between the public and private sector players - facilitating effective timely dialogues that highlight the critical need for speed, transparency and cost-effectiveness in the development/operations of global water and wastewater projects, and the practical means for achieving those elements in projects. More importantly, IPWA is uniquely recognized as one of the few independent organizations that address, as a central part of its mission, the expanding role of the private sector as a viable partner to governments and parastatals within the global water/wastewater project and service arena.
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