Nile City Building, South Tower Eighth Floor, 2005 A
Cornich El Nil Ramlet Beaulac
+20 2 2461 2161/2/3/4
+20 2 2461 2165
Number of lawyers: 60
Network memberships: Chambers & Partners, Legal 500
Languages: Arabic, English, French
Zulficar & Partners Law Firm is proud to have advised the Egyptian Electricity Transmission Company (EETC) on the second round of the Feed-in-Tariff Solar Program in Benban, which received the Thomson Reuters Project Finance International Award for “Global Multilateral Deal of the Year” in a ceremony held in London on the evening of Wednesday, February 7th 2018.
The Program has been praised by Thomson Reuters for its major success after securing financial closure for 30 solar projects having an aggregate installed capacity of over 1600 Mw.
The Program is considered both an Egyptian and an international success story.
For Egypt, the Program launches the first successful major solar park in the country, reviving hope in sustainable and renewable energy future, and with over 2.2 Billion USD of financing, the Program is considered the largest Foreign Direct Investment in Egypt in recent years.
Internationally, the Program promises to be the largest solar park in the world upon construction, making it a landmark in the global fight against climate change.
Zulficar & Partners Law Firm was invested in the Program with EETC shortly after its inception and was engaged in its different phases. Zulficar & Partners’ contribution helped restore faith in the Program during the sensitive time following the disappointment brought by the loss of financing of the first round, and has ensured the successful completion of negotiations with the International Financial Institutions providing project finance and the timely financial closure of the second round.
The Program owes its success to both EETC and the international financing institutions, particularly, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD), whose active engagement and great interest in the Program immensely helped the negotiation for the second round to close successfully.
The Global Award for Multilateral Deal of the Year is a prestigious award granted by Thomson Reuters to the most remarkable project finance transactions, and therefore crowns the success of the Program and its participants.
Zulficar & Partners Law Firm continues to support public and private entities in their efforts to invest in green energy and sustainable development, which constitute one of its core values as an Egyptian law firm and a responsible citizen.
Zulficar & Partners is an international corporate law and arbitration practice firm based in the Nile City Building in the heart of Cairo, Egypt. It mainly specializes in Arbitration and ADR, Banking, Capital Market procedures and transactions, Competition law, Construction law and practice, IT law, Litigation, Mergers and Acquisitions, Oil & Gas, Project Finance, Real Estate, Telecommunications law and practice, and Tourism and Leisure. The Firm offers a comprehensive range of state-of-the-art legal services to a diverse array of commercial, industrial, and financial clients both in Egypt and internationally. Formally established in June 2009, the Firm has nine partners and more than 60 associates and is continuously expanding to cater for the ever-increasing demand for its leading and high quality services.
As a market leader, and drawing on the unparalleled expertise of its partners and associates, the Firm brings to the legal market a blend of exceptional individual skills as well as more than 35 years of legal experience. The Firm prides itself as having star quality partners and associates possessing recognized track records in establishing precedents and introducing innovative solutions and structures through creative and proactive problem solving approaches. The Firm aspires and pledges to provide its clients with top quality legal services to serve and enhance their business needs. Possessing a culture of rich values of professional ethics and social responsibility, the Firm continuously offers cutting edge spot on advice that distinguishes it and makes a difference for its Clients.
The Firm is currently growing at an accelerated pace and has already established itself as a market leader and precedent maker. The Firm is regularly ranked as the top tier practice in various practice areas in notable directories including: Chambers & Partners, Global Arbitration Review (GAR), Legal 500, IFLR and IFLR 1000. In 2015 and 2016, the Firm is the only Egyptian firm featuring amongst the GAR 100 Guide to leading international arbitration firms.
"Zulficar & Partners is a great firm. They are responsive, helpful and on top of the key issues. It's been a pleasure working with them."
"Despite its comparatively young age on the Egyptian market, the firm retains its top tier status." IFLR1000 editorial