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ARTICLE · 30 MAY 2024

Middle East Update - May 2024

Quinn Emanuel Urquhart & Sullivan
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Saudi Arabia's Vision 2030: Recent Reports of Potential Changes in Project Delivery Serve as a Reminder to Ensure That Parties Invest In a Developed Claims Strategy. With so much of Saudi Arabia's Vision...

Saudi ArabiaGovernment, Public Sector
Quinn Emanuel Urquhart & Sullivan
Quinn Emanuel Urquhart & Sullivan

Saudi Arabia's Vision 2030: Recent Reports of Potential Changes in Project Delivery Serve as a Reminder to Ensure That Parties Invest In a Developed Claims Strategy

With so much of Saudi Arabia's Vision 2030 being facilitated by the development of the well-publicized "giga-projects", the spotlight remains on how, and when, those extraordinary projects will be delivered. Recent press coverage suggests that what can feasibly be achieved by 2030 in relation to projects currently in the construction phase is a matter under active consideration by the relevant developers and authorities.

In an area of the world where the funding of major projects is so reliant upon fluctuating oil prices, it is not uncommon for changes to be made to project delivery strategies during the construction phase. However, such changes can frequently result in significant variations to design and scope (including de-scoping), corresponding revisions to project scheduling, or both, as

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