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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