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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
The long awaited Commercial Maritime Regulation (the “Maritime Regulations”) for Saudi Arabia has been issued. The Maritime Regulations have been published pursuant to Royal Decree number M/33, dated 5/4/1440, which is the first maritime legislation of its kind for the country. Building on positive, ongoing legal developments in the Kingdom, as anticipated the new regulations cover almost all aspects of maritime work including:
For a country that is one of the region’s key economic drivers with more than 10 major ports, it goes without saying that these new Maritime Regulations will pave the way for a new era for the shipping, oil & gas and logistics industries in the Middle East.
How will it actually be implemented? Our team of experts are keeping a close eye on the legal developments and we will update you soon!
Senior Associate, Transport & Insurance
Partner, Head of Transport & Insurance
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