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Rise of Generative AI
Welcome to the latest edition of Law Update titled “Rise of Generative AI.”
In this edition, we dive into the dynamic world of Technology, Media, and Telecommunications (TMT) across the Middle East and North Africa (MENA) region. TMT continues to play a vital role in positioning the region as an international business and social hub, driving significant growth and innovation.
Our focus in this Law Update is on the sector’s ongoing potential to advance and propel the region toward a more digital economy. We explore the benefits of embracing a digital transformation and how local authorities have responded by enhancing regulations to accommodate the evolving TMT landscape.
This edition covers a range of topics, including – the new Telecommunications & Information Technology Law in Saudi Arabia, the intricacies of trademarks in the Metaverse, and the legal challenges faced by the video game industry. Additionally, we take a regional perspective, discussing jurisdictions such as Kuwait, Saudi Arabia, UAE, Oman, and Bahrain to provide a comprehensive understanding of the TMT landscape.
We hope you thoroughly enjoy this packed issue of Law Update, filled with captivating articles that address key legal issues within a vital sector for the region.
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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Foreign Investment in KSA: The Road to Vision 2030
On Tuesday 24th of April, we held our first bespoke KSA Vision 2030 focused event, which was also our largest and most successful event in Saudi Arabia to date. Entitled ‘Foreign Investment in KSA: The Road to Vision 2030’ the half-day event provided a forum for a number of high profile industry experts to share their knowledge and views on important topics such as foreign investment, the future of privatisation and PPPs, establishing business and the prevention of cybercrime in the Kingdom. With the overarching theme throughout being Vision 2030.
Our Senior Partner and Founder, Essam Al Tamimi, welcomed over 150 guests, which included a large number of local and international business representatives, government officials and key media outlets. Our first panel which addressed Foreign Investment in KSA, included guest speakers Khalid Abdullah Al Hussan, CEO of the Saudi Stock Exchange (Tadawul), Ibrahim Suwail, Deputy Governor of Investor Services at SAGIA and Dr. Ahmed Khattan, Deputy Minister of Labour Policy for the Ministry of Labour. Moderated by John Sfakianakis, Director of Economic Research for the Gulf Research Center the session presented a number of differing and captivating views and points of discussion.
Later panels sessions included special guest speakers Laurent Viviez and Ashish Singhal from AT Kearney and Dr Saleh Shoaib, Corporate Affairs Manager from Microsoft, covering the very interesting topics of doing business in KSA and the issue of cybersecurity and financial cybercrime in the Kingdom.
Throughout the event, our Al Tamimi lawyers; Grahame Nelson, Partner, Head of Office – Riyadh, Hesham Al Homoud, Partner, Head of Corporate Structuring – KSA, Rakesh Bassi, Head of Office – Jeddah and Nick O’Connell, Partner, Head of Technology, Media & Telecommunications – KSA participated in the discussions.
The event was a great success and provided a platform to gather key stakeholders and decision makers to share insights and address the most pressing topics.
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