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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 Saudi Ports Authority had on 9 March 2020 issued Circular No. 37 of 2020 containing the following mandatory orders:
(i) Save for the purposes of evacuation, delivery of goods, and trading – all sea voyages between the Kingdom of Saudi Arabia (the “KSA”) and any of the below countries shall cease:
(g) South Korea;
(h) Syria; and
(i) The United Arab Emirates
(collectively, the “Restricted States”).
(ii) Any person who was in any of the Restricted States within the 14 days immediately prior to his/her arrival in the KSA, shall be not be allowed to enter the KSA
(iii) No seafarer who was in any of the Restricted States within the 14 days immediately prior to his/her arrival in the KSA, shall be permitted to board or disembark from any ship that calls any KSA port.
(iv) No seafarer shall be permitted to board or disembark from any ship that was in any of the Restricted States within the 14 days immediately prior to her arrival in the KSA.
Partner, Head of Transport & Insurance – UAE
Associate, Transport & Insurance
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