Saudi Arabia updates

Company & Commercial

Liability of managers and directors under Saudi Arabian law
  • Saudi Arabia
  • December 19 2016

Management liability is a central concern for investors. However, where management liability is too restrictive, managers may become overly cautious and avoid transactions or business opportunities with even moderate risk. Consequently, a balance must be struck between encouraging management not to take unnecessarily high risks and allowing it to conduct the normal business of the company without constant concern of being held liable for acceptable risks.


Projects & Procurement

New opportunities for foreign defence contractors in Saudi Arabia
  • Saudi Arabia
  • June 13 2017

Saudi Arabia is currently attempting an ambitious reorientation of its economy. The Saudi Arabian Vision 2030 and the National Transformation Programme 2020 comprise the most comprehensive strategy shift in Saudi Arabian economic policy since oil was found in the country. The Saudi Arabian Vision 2030 and the National Transformation Programme 2020 are expected to ease existing restrictions and liberate the market, in order to foster development of a domestic defence manufacturing industry.


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