David Miles

David is a partner in the energy & infrastructure team in the Middle East and advises lenders, sponsors and government entities. He has over 20 years of experience in structuring, advising on, and executing complex, high value financings in the energy and infrastructure sectors in the Middle East and around the world. He advises on both conventional and Sharia’h compliant financing arrangements.

Work highlights

• Warsan WTE, UAE: advising the project company on the project financing of the waste-to-energy plant in the Emirate of Dubai, the world’s largest waste-to-energy project to date (Middle East & Africa Deal of the Year  – PFI Awards 2021 and MENA Export Finance Deal of the Year – IJ Global Awards 2021).*
• ADNOC Pipelines, UAE: advising a consortium of investors on the US$2.7bn financing of their acquisition of a 20% interest in ADNOC’s gas pipelines.*
• Umm al Hayman WWTP, Kuwait: advising the lenders on the project financing of the waste water treatment plant (Middle East PPP Deal of the Year – PFI Awards 2020).*
• Dammam WWTP, Saudi Arabia: advising the project company on the project financing of this waste water treatment plant in the Kingdom (Middle East & Africa Water Deal of the Year – EMEA Proximo Deal of the Year Awards 2020).*
• ISTP2, UAE: advising a club of senior banks on the US$400m long-term project financing of the sewage treatment plant project in Abu Dhabi (Project Finance Magazine’s Middle East Waste Water Deal of the Year 2009) together with later amendments to address the rescheduling of operations for one of the plants and subsequent refinancings.*
• Shams 1 solar project, UAE: advising the project company on the US$612m financing of the power project in Abu Dhabi, the first solar farm in the Middle East.*
• Al Manakher solar PV park, Jordan: advising the project company on aspects of the financing of the approximately 52MW PV solar project at Al Manakher.*
• Az Zour North IWPP, Kuwait: advising NEXI and a syndicate of commercial banks on the US$1.43bn debt financing of the first independent water and power project in Kuwait (Middle East & Africa Power Deal of the Year – PFI Awards 2014).*
• Jazan ASU Industrial Gas Compex, Saudi Arabia: advising the mandated lead arrangers on the dual tranche Istisna’a-Ijara and Istisna’a-Wakala financing of the industrial gas complex.*
• Kirikkale CCGT, Turkey: the project company on debt standstill arrangements for the project financing of the gas fired power station.*

*denotes experience from previous firms