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Starting January 1, 2024, a new law will prevent international businesses without regional headquarters in Saudi Arabia from contracting with institutions, agencies and funds owned by the Saudi government.

The Kingdom of Saudi Arabia has made a significant advancement in its legal framework by enacting the first Civil Transactions Law in the Kingdom (the "CTL") , which came into effect on December 16, 2023.

Vision 2030 and its recent ongoing drive in Saudi Arabia to privatise public assets, deregulate and diversify the economy have resulted in a need to develop a dynamic legal and regulatory platform...

Lured by the expectation of lucrative government contracts, an ever-increasing number of engineering companies and consultancies from all over the world are operating in the Kingdom of Saudi Arabia.

The Kingdom of Saudi Arabia ("KSA") has announced sweeping legislative reforms in a bid to increase the efficiency of its judicial institutions...

Recent drone attacks in Saudi Arabia dramatically illustrate several key issues relevant to terrorist and security risk assessment. This should be enough

Unlocking government's technology future is based on data from the KPMG global tech report 2024 which includes the results of a survey of 118 senior government technology executives and decision-makers around the world.

Saudi Arabia's Vision2030 is a strategic framework to reduce Saudi Arabia's dependence on oil, diversify its economy, and develop public service sectors, including tourism.

The Kingdom's regulatory environment is constantly evolving in response to the dynamic global business landscape. The most recent evolution comes in the form of a new set of controls

The Kingdom of Saudi Arabia (the Kingdom) is a land of opportunity for Canadians and Canadian businesses.

Part of Saudi Arabia's Vision 2030 programme includes a strong drive towards privatisation of government-controlled sectors.

The Saudi government announced, on 6 December, a 30-year tax exemption package for foreign companies establishing their regional headquarters (RHQ) in Saudi Arabia.

On the 2nd of April 2025 United States (‘US") President Donald Trump introduced what has been widely viewed as some of the most significant escalations in trade policy in recent times...

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...

The Law further seeks to guarantee the fair treatment of bidders, to promote equal opportunity and to promote economic development.

On 13 June, the Saudi Council of Ministers chaired approved the Kingdom's new Civil Transaction Law, after the law had been cleared by the Consultative Assembly (Shura Council) in May 2022. With the new law the Saudi legislator introduced a comprehensive overhaul of the Saudi legal system.

In accordance with the Saudi vision 2030 and its remarkable developments in striving to establish an enhanced legislation providing modernized laws and regulations, the Kingdom issued on June 14, 2023 the Civil Transactions Law.