The infrastructure sector in the Kingdom of Saudi Arabia is one of the fastest-growing and most dynamic in the world. In 2010 alone the Saudi government has awarded US$150 billion in infrastructure contracts. Kevin T. Connor, who serves as coordinating partner for Squire Sanders’ Middle East and North Africa (MENA) practice, examines the main drivers behind this growth in "Building for the Future – An Overview of Infrastructure Development in the Kingdom of Saudi Arabia," published in the Financier Worldwide e-book Global Reference Guide Infrastructure 2010.
Mr. Connor discusses how the recent rise in oil revenues, the global recession, and the real estate, transportation and energy markets factor into the country’s infrastructure boom. Although the Saudi economy will be weighted toward the oil business well into the future, he explains, the country is taking measures to diversify its economy, efforts aided by the country's accession to the World Trade Organization.
"Building for the Future – An Overview of Infrastructure Development in the Kingdom of Saudi Arabia" is reprinted with permission from Financier Worldwide.
Building on more than 20 years of experience throughout the MENA, Squire Sanders has established a working relationship with El-Khoury & Partners (EKP) to enhance the global perspective, regional experience and cultural understanding clients need to establish or expand their operations in the region. EKP includes EK Partners & Al-Enezee Legal Counsel in Riyadh in cooperation with Khulaif Al-Enezee. EKP lawyers are fluent in Arabic, English and French and are based in Riyadh and Beirut. Clients in the MENA region include local businesses and governmental entities as well as multinational companies, financial institutions and private investors.