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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
Thomson Reuters announced today that the region’s largest law firm, Al Tamimi & Company (“Al Tamimi”), has joined the Thomson Reuters Accelerate SME (“ASME”) platform as a provider of tailored legal services to SMEs throughout the MENA region (http://acceleratesme.com).
ASME serves as the only digital gateway to the SME ecosystem in the MENA region, and supports SMEs and entrepreneurs by leveraging its capability to partner with the region’s most powerful financial solutions, service and workflow providers to offer business owners the end-to-end resources needed for them to grow.
Registered Accelerate SME community members can now apply exclusively for Al Tamimi’s tailored legal packages at significantly discounted rates, which are tailored to those looking for legal support to start and run a business, legal support to build and run an e-commerce business, and legal support for those with an innovation driven business. This partnership demonstrates Al Tamimi’s commitment to empower the growing pool of entrepreneurs, start-ups and SMEs throughout the region.
“All aspiring entrepreneurs and SMEs need sound legal support but they often also need a helping hand to understand the type of support they require” said Nadim Najjar, Managing Director, MENA Thomson Reuters. “We are very proud to join forces with Al Tamimi who through their Startup Support Program work closely with their SME clients to understand and service their needs with preferential rates for Accelerate SME members. Their strong regional footprint positions them well to provide their expert and comprehensive legal experience to the SME sector.”
“At Al Tamimi, we recognize the importance of supporting the growing pool of entrepreneurs, start-ups and SMEs in the region. Our part in the entrepreneurial ecosystem consists of providing legal advice, mentoring, training and sharing knowledge to ensure entrepreneurs and their businesses have a clear understanding of how to navigate the legal landscape, and have the tools they need to succeed,” said Foutoun Hajjar, Partner and Chair of Al Tamimi’s Innovation Group. “We are delighted to be part of the ASME platform, as this presents an exciting opportunity to share and leverage our experience as a full-service law firm in supporting entrepreneurs, start-ups and SMEs that hope to grow into key players in regional commerce.”
Partner, Head of Office – Bahrain
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