INVEGA to finance development of industrial complex in Marijampole FEZ  

NOOR is delighted to announce its pivotal role in advising and facilitating a significant milestone for its esteemed client – Marijampole FEZ Management Company. This achievement involves preparation for development of an expansive industrial complex, underpinned by substantial financing secured through a government agency’s, named VIPA (INVEGA now) strategic incentive program aimed at bolstering regional investments. The VIPA’s incentive program, aimed at attracting investments and fostering economic growth within the region, provided Marijampole FEZ Management Company (its subsidiary) with a substantial loan to expedite the industrial complex’s development. 

As part of this partnership, NOOR has been instrumental in advising on every facet of the project, including property development, design and construction agreements, intricate financing mechanisms, and the successful conclusion of the loan agreement with VIPA (INVEGA). We leveraged our expertise to align the client’s aspirations with the program’s criteria, ultimately securing the necessary financing to move the project forward.

NOOR team continues its work in the project and is hand-on partner to our client, guiding him through the legal landscape, advising on number of planning, zoning, land and construction matters, drafting and negotiating design and general contracting agreements with counterparties.