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Saudi Arabia: Transformation of the Kingdom
Welcome to the Saudi Arabia focus edition of Law Update.
One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.
This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.
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Dr. Ahmed Basrawi
Partner, Head of Litigation - Jeddah
Biography
Dr. Basrawi has more than 16 years of legal experience. Also, he was Lecturer in Litigation and Commercial Law at the University of Jeddah.
His experience includes attending court sessions and arbitration tribunals in Saudi Arabia in the areas of construction commercial matters administrative law, labour, shipping, insurance, banking, intellectual and property, and he successfully negotiated early settlement in regard to a dispute thereby avoided determined by the court or arbitration tribunal.
Dr Basrawi participated effectively in drafting regulation, restructuring and privatization projects in KSA. He also has experience in establishing Saudi Arabian, GCC and international companies (through SAGIA) and the drafting of commercial contracts and advice memoranda, and has advised clients on a wide range of property and corporate commercial matters from due diligence through project execution.
Recent Experience
- Advising several Saudi government authorities in drafting, reviewing and analyzing different laws and regulations.
- Advising several international companies in Saudi Arabia, including advice on litigation strategy and procedure, government procurement laws, joint venture matters, lease and general corporate and commercial advice.
- Successfully represented many shareholders in a well-known family business with net value of SAR 2 billion.
- Successfully represented a well known Saudi construction company in an arbitration claim valued SAR 130 million.
- Successfully representing a well-reputable manufacturer against a large insurance company in a SAR 15 million dispute.
Education
2014 – Doctor of Philosophy in Law, University of Essex
2004 – Master of Commercial Law, Cairo University
2002 – Post-Graduate Diploma in Investment Law, Cairo University
2001 – Bachelor of Law, King Abdul-Aziz University
Admission
2004 – Licensed form Minister of Justice as Lawyer and Arbitrator
Practice(s)
Insights
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