News & Analysis as of

Engineering Saudi Arabia

King & Spalding

Increase in Saudization Ratio for Engineering Positions

King & Spalding on

On May 20, 2024, the Ministry of Human Resources and Social Development (“MHRSD”) in collaboration with the Ministry of Municipal Rural Affairs and Housing announced their goal of increasing the Saudization ratio in the...more

White & Case LLP

Advance payment guarantees: three unsuccessful attempts to prevent encashment

White & Case LLP on

Advance payment guarantees are commonly used in the construction industry. However, successful challenges to a demand made under an advance payment guarantee appear to be less common. This article looks at three recent cases...more

Vinson & Elkins LLP

The New Saudi Professional Companies Law - Material Amendments Usher in a New Era for Professional Companies in the Kingdom

Vinson & Elkins LLP on

A new professional companies law has entered into force in Saudi Arabia and will have a direct effect on professional partnerships already existing in the Saudi Arabian market (such as those providing engineering consultancy...more

Jones Day

Saudi Council of Ministers Approves 100% Foreign Ownership of Engineering Consultancies

Jones Day on

Currently, Saudi Arabian law permits foreign direct investment in engineering consultancies operating in the private sector only through a professional company licensed by the Ministry of Commerce and Industry ("MOCI")....more

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