King & Spalding and Baker & McKenzie have advised on a US$27bn real estate development in Mecca, Saudi Arabia.
King & Spalding Dubai-based lead partner Leroy Levy acted on the deal, advising Bawabat Makkah Company, a wholly owned subsidiary of Al Balad Al Ameen Company, in a suite of agreements with Sumou Real Estate Company for the development of the first phase of Makkah Gate Project.
The US$27bn complex will include residential areas, a government administrative district, a business district, a shopping area, a university city, research centers, a park and a medical city located on 83 million square meters along the Mecca-Jeddah highway near the western entrance to the holy city of Mecca.
Baker & McKenzie’s Dubai office advised Sumou Real Estate on the project, which includes the construction of 2,000 residential units providing housing for around 600,000 people.ALB
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