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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 Khobar, Saudi Arabia, 4th September 2016: Al Tamimi & Company is pleased to announce that it has opened a new office in Al Khobar, in the Eastern Province of Saudi Arabia, one of the country’s largest markets. The office is the law firm’s third in the Kingdom and, combined with its existing operations in Riyadh and Jeddah, gives it coverage across the whole of Saudi Arabia. It also becomes the 17th office the firm has opened in the Middle East since its foundation.
The opening of Al Tamimi’s office in Al Khobar is the latest phase in the development of a highly successful practice in Saudi Arabia, with the firm having originally opened its first office in the country in Riyadh in 2008 followed by Jeddah in 2015. The Eastern Province is of vital importance as the core area of Saudi Arabia’s petrochemical and industrial production, as well as being a key area for transportation and logistics. Al Tamimi has already been advising clients there for many years on a wide range of matters and projects across both these and other sectors, including manufacturing, real estate, retail and TMT. The firm is licensed to practice in its own name in Saudi Arabia without a local association, enabling it to provide such services to clients consistently and to the highest standard.
Husam Hourani, Managing Partner at Al Tamimi & Company, said: “We are delighted to have opened a new office in Al Khobar which further strengthens our presence in the Kingdom of Saudi Arabia. Having already done a considerable amount of business in the Eastern Province, it is an entirely logical step for us to take and underlines the commitment we have to the country.
Saudi Arabia’s economy continues to be strong and, notwithstanding the short-term dynamics of the oil price, is set for a further period of sustained growth, supported by a series of planned reforms that will have a far reaching impact. We are there in force to advise any organisation looking to contribute to the country’s future success, and with a deep understanding of Saudi Arabia’s legal and regulatory systems, we are already the leading choice for local, regional and international organisations.”
Al Tamimi has 24 practising lawyers in Saudi Arabia, including 3 partners. The Al Khobar office will be headed up by Jonathan Reardon and supported by Omar Amery and Zahir Qayum. They will collaborate closely with their colleagues in Riyadh and Jeddah to provide comprehensive services to clients both in and outside the country. The team in Al Khobar covers the entire spectrum of legal advice to clients, drawing on the firm’s overall strength and experience across all business sectors.
Husam Hourani concluded: “Our new office in Al Khobar marks the latest stage of a journey that began over 25 years ago, in which time we have earned the right to call ourselves the region’s largest law firm. We are now in every significant commercial city in the Arabian Peninsula and the immediate surrounding countries, setting us up for long term success as we continue to serve our clients with the dedication, diligence and skill for which we have become renowned.”
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