Alcoa (NYSE:AA), Ma'aden Advised by Baker and McKenzie on on Bauxite Mine, Refinery

Baker and McKenzie, which has operated in the Gulf region since the 1970s, has been advising Alcoa (NYSE:AA) and Ma'aden on their joint venture worth $7.5 billion in Saudi Arabia.

"This is an exciting and ground breaking project for Ma'aden, Alcoa and the Kingdom of Saudi Arabia," said Ian Siddell, Banking and Finance Partner who headed up the Baker & McKenzie finance team.

Siddell added, "Not only is this the first integrated aluminium project in Saudi Arabia, it includes the development of the first rolling mill in the Gulf and is a significant step towards the diversification of the Saudi Arabian economy."

Ultimately the project will have an investment of $10.8 billion in it.

AME said, "Ian Siddell was assisted by Bahrain based partner, Gordon Prestige, and associates Mohamed Hassan, Fatima Ghaith, Omar Al Ansari and Mai Abul in advising on the structure and documentation of the financing of the project including the documentation and negotiation of facility, intercreditor and security documents.

"London based Mike Webster and Riyadh based George Sayen were assisted by London based associates, Mathew Bonner, Peter Richardson and Rhiannon Williams in advising on the project documents including joint venture, construction, supply and off-take agreements."

Alcoa was trading at $14.39, up $0.14, or 0.98 percent, as of 12:42 PM EST.