French banks have been the most successful in the Middle East region over the past year, according to a new league table of deal activity, with BNP Paribas having the largest share of the market for financial advisers and Calyon leading the way among mandated lead arrangers.

According to the figures released by Infrastructure Journal, a sister title of MEED, banks from outside the region dominate both areas of business. Saudi Arabia’s Alinma bank is the top ranked mandated lead arranger, having worked on $500m worth of deals over the past year, making it the ninth largest bank (see tables below).

The market for legal advisers is similarly dominated by international firms, with the entire top ten filled by US and UK firms, led by the US’ Shearman and Sterling, which has strong links with the Abu Dhabi government.

Germany’s Fichtner is the most successful technical adviser, winning contracts on almost $3.5bn worth of contracts.

The largest project sponsor is Abu Dhabi’s Mubadala Development Company, which has launched projects worth more than $3.2bn over the past year.

Mandated lead arrangers:

Rank Company Total ($m) Transactions Market Share (%)
1 Calyon  674.2 10 5.18
2 Standard Chartered Bank  634.7 10 4.88
3 Bank of China  595.0 3 4.57
4 Standard Bank  560.1 7 4.31
5 BNP Paribas  546.1 10 4.2
6 Bank of Tokyo Mitsubishi 528.9 7 4.07
7 Nedbank Capital  523.4 3 4.02
8 Societe Generale  503.6 6 3.87
9 Alinma  500.0 1 3.84
10 Sumitomo Mitsui Banking Corporation 459.2 7 3.53

 

Financial advisers:

Rank Company Total ($m) Transactions Market Share (%)
1 BNP Paribas  4971.1 5 25.66
2 Royal Bank of Scotland  4113.0 1 21.23
3 HSBC  2634.3 1 13.6
4 Citigroup  2503.3 1 12.92
5 Standard Chartered Bank  1192.4 2 6.15
6 Calyon  1158.9 1 5.98
7 Sumitomo Mitsui Banking Corporation 949.0 1 4.9
8 Kagiso Financial Services  778.8 1 4.02
9 Macquarie  458.9 1 2.37
10 Azura Capital  340.0 1 1.75

 

Legal advisers:

Rank Company Total ($m) Transactions Market Share (%)
1 Shearman & Sterling  7,920.7 4 11.45
2 White & Case  7,374.5 5 10.66
3 Allen & Overy  6,814.5 10 9.85
4 Milbank  5,029.5 3 7.27
5 Latham & Watkins  4,400.0 3 6.36
6 Skadden Arps  4,135.0 2 5.98
7 Sullivan & Cromwell  4,113.0 1 5.95
8 Chadbourne & Parke  3,611.8 3 5.22
9 Norton Rose  2,919.5 3 4.22
10 Baker Botts  2,503.3 1 3.62

 

Technical advisers:

Rank Company Total ($m) Transactions Market Share (%)
1 Fichtner  3,498.7 2 23.88
2 Shaw Group  2,634.3 1 17.98
3 Stone & Webster  2,130.2 1 14.54
= Mott MacDonald  2,130.2 1 14.54
5 Gleeds  1,158.9 1 7.91
= Murray & Roberts  1,158.9 1 7.91
7 Detecon  778.8 1 5.32
8 Sogreah  512.5 1 3.5
9 K&M Engineering  465.0 1 3.17
10 Arup  93.2 1 0.64

 

Project sponsors:

Rank Company Total ($m) Transactions Market Share (%)
1 Mubadala Development Company 3,256.5 2 12.05
2 Qatar Petroleum  2,230.2 1 8.25
3 ExxonMobil  2,044.3 2 7.56
4 Abu Dhabi Water & Electricity Authority  1,888.1 2 6.99
5 Total  1,620.2 1 5.99
= Occidental Petroleum  1,620.2 1 5.99
7 GDF Suez  1,485.4 2 5.5
8 Kepco 1,303.6 2 4.82
9 Lafarge  1,163.0 2 4.3
10 Acwa Power  1,001.3 1 3.7