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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
Al Tamimi & Company, the Middle East’s largest law firm, has produced an expert guide on ‘Doing Business in Dubai’ in conjunction with Jumeirah Group, the global luxury hotel company and member of Dubai Holding. The book, released at a buoyant time for the UAE economy, is aimed at supporting long-term investor confidence and business growth.
Earlier this month, UAE Economy Minister Sultan bin Saeed al-Mansouri conservatively forecast that the country’s economic growth would reach between 4.5% and 5% in 2014, which is in line with the IMF’s expectations. The Department of Economic Development is predicting that Dubai’s economy will grow by around 4.7% this year, increasing to over 5% in 2015.
The strength of this outlook demonstrates the growth potential and confidence that currently exists in the UAE market, providing opportunities for both regional and international investors. The UAE winning the right to host the 2020 World Expo in Dubai has added to the confident sentiment. Experts predict Dubai will see rising levels of business and investment opportunities as a result.
As part of Al Tamimi’s wider ‘Doing Business’ series of books, this edition specifically addresses the most important questions that companies and individuals face when considering operations in Dubai, including appropriate business structures, activities and employment issues.
Husam Hourani, Managing Partner at Al Tamimi, said: “This is an exciting time for Dubai and the UAE. Confidence has returned and the country’s economic prospects are encouraging. As a result, appetite for investment in the Emirates from local and international investors, and from company executives is rising. To help them make decisions that enable long-term, sustainable growth and success, we have assembled this informative and valuable guide authored by our legal experts operating in this market.”
Gerald Lawless, President and CEO of Jumeirah Group, added: “Dubai is a thriving business destination and its success has inspired people from all over the world to adopt it as their base. Universally recognised as business-friendly and stable, it has quality infrastructure, services and an abundance of talent, all of which reinforce its position as a commercial leader in the GCC. Understanding the unique dynamics of this remarkable city is key to ensuring a successful venture. This book will certainly help both the seasoned corporate executive and the budding entrepreneur navigate the surest path to business growth.”
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