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Find out moreWe 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 editionAl Tamimi & Company continues to expand its network of operations in the GCC with a new office opening in Muscat, Oman. The company now offers clients 13 offices spanning the GCC and Iraq.
Oman is seen as a key market for Al Tamimi. Since the country’s membership of the World Trade Organisation in 2000, which led to the internationalization of its financial and commercial practices, Oman has witnessed a foreign direct investment boom.
This has fuelled expansion in towns such as Sohar, which has developed an integrated port, freezone, industrial zone and airport project called Gateway Sohar. This enormous project has benefited from billions in investment supporting the economic development of Oman’s northern region.
The Sohar expansion is driven by the Government’s desire to shift capacity pressures away from Muscat’s main port and airport, transforming the capital into an even more attractive tourist destination, and moving heavy industry out of the city.
Commenting, Husam Hourani, Managing Partner of Al Tamimi, said: “We recognize the impressive and fast-paced development taking place in Oman and will now look forward to taking a strong part in this. We have always strived to support our GCC neighbours and we believe that through this new office opening we will offer both our Omani and international clients a foundation for growth in the country.”
“Al Tamimi provides clients with a combination of international knowledge and experience from across the full sweep of industry sectors and legal disciplines. We also have an unrivalled regional presence and Arabic capability. These are strong credentials that we are delighted to be bringing to the Omani market.”
The new office will be located in the capital city of Muscat, and it will be headed by Mr. Ahmed Saleh, a well respected lawyer, with over eight years experience who has had tremendous success in Oman. Ahmed is a qualified court of appeal Omani lawyer and has worked in various jurisdictions including the UK, Dubai and Oman. His experience includes inward investment, joint ventures, corporate governance, corporate finance, capital and private equity, mergers and acquisition and corporate structuring. Ahmed is regularly involved in drafting Oman laws that includes, by way of recent examples, Sukuk Issuance Regulations and Anti-Trust Law, and representing Oman government in negotiating and reviewing commercial and international agreements including Free Trade Agreement that had been concluded between Oman and United States of America.
Al Tamimi believes that it’s long-established and expert legal services, unrivalled regional footprint, and its deep knowledge of the Middle East region will help underpin the further economic growth and diversification of Oman.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.