Diversification and Investment Drive Saudi Growth

    June 2010

    An article co-authored by leaders of Squire Sanders’ Middle East practice appeared in the June 2010 issue of Financier Worldwide magazine. The piece was a joint effort by partners Kevin T. Connor and Dale E. Stephenson, as well as Ziad G. El-Khoury, of counsel with Squire Sanders and managing partner of El-Khoury & Partners (EKP). EKP has offices in Beirut and Riyadh and operates as a member of the Squire Sanders global network of independent firms.

    In the article, the authors explain that although the global financial crisis has affected the Middle East, the same factors which led to previous growth in Middle East M&A activity remain present and are improving at a rapid rate in several key countries, most notably Saudi Arabia. They point to important factors such as liberalization of the telecommunications markets, investments in infrastructure development and significant increases in economic activity in several sectors such as financial services, insurance, transportation, real estate and construction. Finally, they predict that significant strides being made in key areas will result in deal activity in the region returning to pre-crisis levels and increasing at an accelerated pace for years to come.

    This article is reprinted with permission from Financier Worldwide magazine.