K&A has assisted EMAAR, the Economic City - The master developer for King Abdullah Economic City on the structuring, negotiation and drafting of a complex lease agreement with Lucid Motors, for the development and operation of the first electric car manufacturing facility in the Kingdom.

The lease will see the setup of a one-of-a-kind facility in the King Abdullah Economic City (KAEC) Industrial Valley, which will play an instrumental part of the Kingdom’s Vision 2030.

The K&A team was led by Partner Hamdan van den Brule and supported by Managing Partner Zeyad Khoshaim and Associates Yousef Tolah, Duaa Amer and Abdulaziz Alobaid.

This landmark transaction cements K&A’s role as the leading KSA firm for the negotiation of complex project and real estate transactions, and comes on the back of K&A being named Banking &Finance Law Firm of the Year by the Oath.