NEOM RC Project involved construction of villages for workers who would then build the NEOM City, a technically advanced, digitally connected, sustainable and green city formed by transforming a desert.

Mr. Abhay Ketkar led the team for a 20,000 men capacity ’Oxagon’ village project. The team assisted the sponsors into a successful Financial Close of the project, that was offered to the Sponsors on their successful closure on the earlier villages.

• Sponsors were the NESMA group, a well established company with great exposure in the kingdom.
• Development and maintenance of fully compliant Financial Model.
• Performing different sensitivities on the Financial Models to help the Sponsors make strategic decisions.
• Raising funds from multiple banks (local KSA) for the project
• Assisted the Sponsors, in conjunction with Sponsors’ legal Advisors, in preparing drafts of different project agreements & documents to cover any bankability issues and risk allocation.
• Assisted the Sponsors, in coordination with legal Advisors, in the preparation of amendments to Project Agreements and documents.
• Assisted the Sponsors, in coordination with legal Advisors, in negotiating terms with the banks.
• Designed, developed and executed a competitive hedge placement process for the various Project Finance Facilities.

Post-bid financial advisory services including:

• Updation of Financial Models with real time numbers to align the model identify the post bid requirements

For further information, contact Abhay Ketkar at abhay.ketkar@maycapadvisors.com.