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Economic Development Saudi Arabia

A&O Shearman

The New KSA Civil Code: Termination of Contracts

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Prior to the new Civil Transactions Law of the Kingdom of Saudi Arabia (referred to as the “KSA Civil Code”), there were no detailed rules on termination (or faskh) at law in Saudi Arabia. As with other areas of Saudi law,...more

A&O Shearman

The New KSA Civil Code: Forming a Contract

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In our initial article in this series, we introduced the new Civil Code of the Kingdom of Saudi Arabia (referred to as the “KSA Civil Code”). This significant legislative milestone codifies the law governing the forming of a...more

A&O Shearman

Introducing the New KSA Civil Code

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On June 19, 2023, the Kingdom of Saudi Arabia enacted the Civil Transactions Law (the “KSA Civil Code” or the “Code”) promulgated by Royal Decree M/191 dated 18 June 2023 (Dhul-Qi’dah 29 1444 AH). The Code, which enters into...more

Hogan Lovells

Shifting (Regional HQ) Sands – to Saudi

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On February 15th, the Saudi Press Agency issued a statement confirming that the Government of Saudi Arabia intends to stop contracting with entities whose regional headquarters are not located in the Kingdom by January 1st...more

Jones Day

Saudi Arabia's New Tourism Development Fund

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The Situation: On June 21, 2020, the Saudi Minister of Tourism, Ahmed Al-Khateeb, announced the creation of a Tourism Development Fund ("Fund") with an initial capital of SAR 15 billion (approximately US$4 billion). The...more

A&O Shearman

Catching the Second Industrial Development Wave: Saudi Arabia’s National Industrial Development and Logistic Program

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The focus of this article is on the “National Industrial Development and Logistics Program” (the “NIDLP”), one of the Kingdom of Saudi Arabia’s (the “Kingdom”) programs that aims to make Saudi Vision 2030 a reality. The NIDLP...more

A&O Shearman

Understanding The Key Government Institutions And Ministries In The Kingdom Of Saudi Arabia

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As a result of the new economic realities brought about by reduced global oil prices and the resultant reduction in the oil export revenues of the Kingdom of Saudi Arabia, for so long the country’s economic lifeblood, there...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Mr. Buffett and his Berkshire crew just dropped nearly a billion on its own stock, a likely sign, according to analysts, of a “dearth of appealing investment options” for the company’s “large cash pile”....more

Hogan Lovells

Trends That Will Shape Transactions in the GCC

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Will 2017 be a boom or bust year in the Gulf region? Shah: There have been important developments in the GCC region. We are witnessing significant structural reforms in Saudi Arabia as they follow their Vision for 2030....more

King & Spalding

Saudia Arabia’s new finance minister faces questions over implementing Vision 2030 in education sector

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Saudi Arabia last week appointed Mohammed al-Jadaan as the country’s new finance minister. Al-Jadaan has reinforced his commitment to the country’s Vision 2030 initiative, which was revealed earlier this year to serve as a...more

A&O Shearman

Transforming Saudi Arabia: National Transformation Program 2020 approved

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On 6 June 2016, the “National Transformation Program 2020” was approved by the Saudi Cabinet. This caps a frenetic few months of activity in the Kingdom that began with the approval of “Saudi Vision 2030” at the end of April,...more

Baker Donelson

Five Export Markets Offer Growth Opportunities – Are you ready?

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According to a recent report released by Moody’s credit rating agency, among the world’s top 20 economies, China, India, Indonesia, Saudi Arabia, and Turkey will be the fastest-growing economies of 2014. At the very least,...more

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