Real estate investment and development is a rapidly expanding market, led primarily by the government undertaking USD multi-billion dollar giga-projects across the Kingdom of Saudi Arabia and focusing on the tourism, housing, transport, and infrastructure sectors.
Given this expanding market, the regulatory framework needs to develop rapidly to create a suitable environment for efficient and low-risk investment in real estate. Our Government Advisory team of lawyers plays a key role in such regulatory enhancements, including advising relevant government entities on a range of enabling measures, including improving the current land registry system; allowing long leasehold rights to be registered; and enhancing valuation procedures.
Our Project Finance team supports lenders and investors in major BOT projects, and to mitigate the risk of provisions being found unenforceable in a subsequent dispute, our skilled bilingual lawyers work alongside our Sharia experts and former judges to advise on the enforceability and regulatory compliance of the proposed project structure and contractual terms.
