The Legal 500

Saudi Arabia

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Editorial

Legal market overview

Thanks in large part to its oil reserves, the Saudi economy remains the most stable in the region. Infrastructure development continues to be a key driver in job creation; a significant proportion of the Kingdom’s annual development budget is focused on education and healthcare projects, while the ongoing trend towards outbound investment has seen local companies investing in projects around the world. Renewable energy has not taken off in quite the way that was expected, but it remains a key area.

In a significant legal market development, Clifford Chance LLP and Clyde & Co became the first firms in the Kingdom to establish joint Saudi and foreign owned law partnerships.

Legal Advisors, Abdulaziz I. Al-Ajlan & Partners in Association with Baker & McKenzie Limited and Hammad Al-Mehdar & Co in alliance with Simmons & Simmons LLP expanded their regional coverage by opening second offices. Following the merger of Squire Sanders and Patton Boggs, legacy Squire Sanders’ Middle East practice opted to exit from the merged firm and establish a separate regional practice with offices in Lebanon Kuwait and Saudi Arabia, where it is operating as Al-Enezee in Association with EK Partners. Squire Patton Boggs continued its partnership with former Patton Boggs affiliate partner Khalid Al-Thebity and his Riyadh-based firm. The merged firm operates in Saudi Arabia as Khalid Al-Thebity Law Firm In Affiliation With Squire Patton Boggs.

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