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We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
Omar N. Omar - Partner, Head of Transport & Insurance - Insurance
We are once again delighted to bring to you a new issue focusing on Transport and Logistics. After a year from our last Transport special issue, I believe the words “unusual” and “unexpected” are now dated but they still are relevant given the nature of the transport industry, which is gradually emerging from COVID-19 but at the same time working round its effects.
In the near term, we foresee nimble and progressive changes on the regulatory front alongside the growing private and public investment interests in the maritime and aviation industries. In this connection, we also note that the logistics sector is increasingly view as a standalone sector detached from shipping and aviation, set to be more regulated uniquely. Our response to this was to set up Customs, Trade and Logistics group within our Transport Department, in order to better meet our clients’ growing needs.
Like many players in the transport industry and wider supply chain, we also ensured that our availability and delivery capabilities remain in top condition. In this regard, we have this year assisted a range of clients to complete a variety of transactions notwithstanding the impacts that covid measures may have. We also continued to bring results in the courtroom, sometimes through unconventional means, such as attaching a cargo on a ship where a ship arrest order was not possible to be obtained.
In this issue of Law Update, we cover a range of trending issues in the maritime, aviation, and insurance industries, which I hope you will find useful and enjoyable.
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