Continuing our series on the legal issues of operating abroad, Raid Abu-Manneh, Alain Farhad and Jad Taha consider the opportunities offered by Saudi Arabia’s massive construction pipeline
Saudi Arabia is one of the UK’s major trading partners in the Middle East, and its Vision 2030 plan to help it diversify away from dependence on oil includes major building projects. So is the kingdom a good place for UK construction firms to do business? In general terms and subject to regional stability, the picture is positive.
Saudi Arabia may have over 20% of the world’s oil, with the oil industry contributing a substantial part of its GDP, but it now has other ambitions. The scale of its construction programme is