Corporate
Saudi Arabia: Recent updates on the New Companies Law
31 January 2023
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What organisations should know to grow and operate in Saudi Arabia
Saudi Arabia is undergoing an unprecedented pace of change. Vision 2030 seeks to reshape and boost what is the Arab world’s largest economy. The move to embrace private ownership through privatisation programmes promises to create significant opportunities for both foreign investors and operators in the Kingdom.
This ongoing drive to privatise public assets, deregulate and diversify the economy has resulted in a need to develop a dynamic legal and regulatory platform, with legal counsel and business leaders having to navigate fast-paced changes.
As the only fully-integrated law firm in Saudi Arabia, with an established local presence of over 10 years, we pride ourselves on being able to help organisations rise above the challenges of doing business in the Kingdom.
Clyde & Co is the only fully integrated international law firm operating in the Kingdom. All of our 30+ locally-based lawyers are seasoned specialists in their areas of law and sectors, having advised over 300 companies on their Saudi Arabia operations in the past year.
In line with Saudi Arabia’s Vision 2030, we are working with clients on their growth strategies including market entry, restructuring, acquisitions, nationalisation issues, distribution and franchising agreements, financing, IP and real estate.
We have an excellent track record in managing large and complex disputes, particularly related to the country’s construction projects. Our offering includes dedicated construction, insurance, IP, finance, marine, and employment specialists based on the ground. We are proud of our ability to offer clients the ideal blend of internationally trained local experts.
If you would like to know more about doing business in Saudi Arabia, please do not hesitate to get in touch.
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