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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
Emirates, one of the world’s leading airlines, has worked in conjunction with Al Tamimi & Company, the Middle East’s largest law firm, to produce an expert guide on ‘Doing Business in Dubai’. The book, released at a buoyant time for the Dubai economy, is aimed at supporting long-term growth of the economy.
As part of Al Tamimi’s wider ‘Doing Business in Dubai’ series, this edition acts as a concise guide to operating a business in Dubai, providing companies and individuals with the vital information they need when considering relocating operations in the Emirate, including business structures and employment issues. The book aims to provide a greater understanding of both the business and legal aspects of operating in Dubai, outlining business activities, employment law and investment considerations.
Recent forecasts by the Department of Economic Development predict that Dubai’s economy will grow by around 4.7% this year, increasing to over 5% in 2015. The potential of the market is likely to attract foreign entities to consider relocation to Dubai to take advantage of the subsequent benefits such as zero tax, 100% foreign ownership, a wealth of skilled workers, and central geographical locations for access to both East and Western markets.
Sheikh Majid Al Mualla, Emirates’ Divisional Senior Vice President, Commercial Operations Centre, added:
“Dubai is a thriving business destination and its success has inspired people from all over the world to adopt it as their base. In working with Al Tamimi to provide an easy-to-read guide to doing business in Dubai, we hope to assist those looking to enter the ecosystem here in building solid foundations for their future growth.”
Husam Hourani, Managing Partner at Al Tamimi, said:
“Confidence is high in Dubai and its economic prospects are encouraging. Universally recognised as business-friendly and stable, Dubai offers businesses quality infrastructure, services and skilled workers, which are all vital elements in establishing a successful organisation.
“Understanding the specific dynamics of Dubai and how to operate here is key to ensuring business success. Our legal experts authored this book to provide an informative and valuable guide to operating in this market. It is designed to help new entrants and entrepreneurs wanting to break into the market and established firms looking to expand. We hope this book helps all businesses as they navigate the legislative landscape and look to better understand cultural nuances.”
An electronic copy of the guide can be found here.
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