The Kingdom of Saudi Arabia has developed special programs to develop industry and energy based on its Vision 2030, which are among the most important new economic programs that aim to develop national industries, logistics services, and optimally utilize energy resources of various types and sources. This has been facilitated by many different factors, most notably the Kingdom’s location at the center of global trade routes. It is worth noting that industry and energy programs in Saudi Arabia aim to play a fundamental role in diversifying the national economy and providing thousands of distinguished job opportunities, whether in the sectors of natural gas, electricity, renewable energy, or atomic energy, as well as establishing programs to sustain demand for hydrocarbons as one of the most important sources of energy in the coming decades, innovation programs in the various uses of oil and gas, and working to establish various projects that contribute to enhancing added value and help consolidate the Kingdom’s position in this sector.
Some of the main objectives that the industrial and energy projects in Saudi Arabia are working to achieve
Industry and energy projects in Saudi Arabia aim to:
- Contributing to supplying the country with all industries and services that contribute to supporting the energy sector.
- Providing many job opportunities of various types.
- Contributing to raising local production rates and the economy in the Kingdom.
- Contributing to economic diversification in the Kingdom, reducing dependence on oil and replacing it with clean, renewable energy.
- Attracting global investments to the Kingdom of Saudi Arabia.
- Contributing to securing the future of industry and energy in Saudi Arabia.
- Meeting the growth in demand for energy resources. In general, industrial and energy projects attract many investors and major companies in the world, as the Kingdom moves towards achieving the highest rates of optimal use of energy resources in light of the vision
- 2030.
Here, our role is to contribute to the management of the business of such companies, by providing the best legal solutions that protect your business and projects and help you easily manage them in accordance with the systems and laws approved in the Kingdom of Saudi Arabia.
What do we offer you in the field of industry and energy?
At Al Roya Law Firm, we believe in the importance of developing the industry and energy sector and that its sustainability and security are of utmost importance and pose a greater challenge to business owners and companies operating in this field, as they require deep expertise in related policies, laws and technologies. Therefore, we are keen to meet all the requirements and needs of our clients by providing innovative and pioneering solutions based on our extensive legal experience in this field. We also complete many deals in this sector and provide good opportunities for expansion and providing related services to local and international clients alike. We provide our clients in the field of industry and energy with all legal services that guarantee the protection of their rights and inform them of their obligations, and everything that contributes to improving the performance of this sector by preventing monopolistic practices and addressing all types of loopholes and disputes if they exist. Our lawyers in this field also provide all advice related to planning, structuring, developing and operating industry and energy projects in Saudi Arabia in a way that achieves tremendous investment opportunities for investors, financiers and operators, as they have extensive experience in negotiation skills, completing deals and settling various legal issues, even complex ones. If you are a company owner, regardless of its size, you need the best law firm specialized in solving legal problems that you may face, so that its team has the efficiency and experience and identifies the needs and requirements of clients and works to implement them as quickly as possible. Choosing any law firm without verifying its efficiency and experience makes it difficult to manage your company’s business, which obviously affects its productivity rates and the achievement of its goals, especially since it is difficult for many to understand the company law in the Kingdom. Lawyers and legal consultants guide you to make the right decision in your work and achieve your goals in a timely manner.
Tips for establishing companies in the industrial and energy sector in Saudi Arabia
Before taking steps to establish companies or projects in the field of industry and energy, you must study the decision from different aspects, which are as follows: 1- Technical aspects. 2- Marketing aspects. 3- Financial aspects. 4- Administrative aspects. 5- Legal aspects. In addition to some important foundations for success and continuity, such as establishing successful relationships with parties related to your field and other fields that you may need, dealing with your competitors with a great deal of respect and fair and constructive competition, and working to find innovative solutions based on the scientific methodology for all the problems you face, in addition to learning from the experiences and experiments of those who came before in this field. As for the legal aspect of establishing companies specialized in the field of industry and energy, we have an expert team at Sahl Law Firm that provides all the services necessary to start your activity, regardless of its type and size, including drafting and reviewing the articles of association, documenting it, obtaining a license to practice work, issuing a commercial register, and completing procedures related to taxes, customs, ministries and relevant institutions, etc.
As for the conditions for establishing a company specialized in industry and energy in Saudi Arabia, they are as follows:
- The presence of a company representative at the Ministry of Commerce and Investment.
- A person with a legal power of attorney from the company owner may attend.
- Submitting the required documents to establish the company.
- Obtaining approval for the establishment of the company from the competent authority.
Regarding the required documents and papers, as well as the establishment fees, they vary depending on the type of company and the nature of its activity. In general, the relevant authorities require your personal ID and the identity of your partners, provided that it is valid, in addition to filling out the company establishment application form. The required documents also include the company’s incorporation contract signed by the company owner and his partners, including all the information and accurate details of the nature of the company’s activity, its capital, the share of each partner and his obligations, in addition to insurance contracts for the company and its employees, and a bank account registered in the company’s name. It is worth noting that the company’s contracts must be documented, and they can be documented online on the website of the Saudi Ministry of Commerce if the company is owned by a Saudi citizen. We at Sahl Law Firm help you complete all the procedures for establishing your company specialized in the field of industry and energy, so that you are fully prepared to start your activity and focus on your goals.
Why Nofoz Law Firm?
Working in the industry and energy sector requires a deep understanding of legal changes to facilitate the completion of transactions, which requires the law firm to have extensive experience in this field. Accordingly, there are many reasons why our clients should deal with us, the most important of which are:
- An office that is accredited and licensed to practice the profession.
- We have extensive and deep experience at the scientific and cognitive level and all legal procedures related to the field of industry and energy in Saudi Arabia.
- We carefully study all the facts, documents and papers that the client provides us with that relate to his company’s case.
- We provide legal representation for companies before all government agencies in the Kingdom.
- Proficiency in communication technology, various word processing programs, and all programs and applications related to law and document and record management.
- Ability to deal with various problems and provide creative solutions to them as quickly as possible.
- Providing the best legal advice to various types of companies operating in the field, whether private or public sector companies.
- Our expertise spans both local and international levels and we are committed to helping our clients achieve their goals and protect their projects and businesses.
- We believe that the customer is a partner in success, and we are always keen to acquire the skills that meet our customers’ requirements.
- We follow the highest standards of integrity and quality in providing our services and do not accept any actions that violate regulations and laws.
We deal daily with various government agencies and authorities in the Kingdom of Saudi Arabia with the aim of providing the best distinguished service to our clients that suits their needs and requirements through a comprehensive and integrated understanding of the activity of their projects and companies. Since we at Sahl Law Firm enjoy the previous advantages and others, this guarantees you the ease of running your business and your company’s projects in the field of industry and energy and makes you focus on your goals and work hard to achieve them without any obstacles or legal challenges that you may face.
Supporting entrepreneurs in the industrial and energy sector in Saudi Arabia
As an entrepreneur in the field of industry and energy, you can get the best possible support from our office, as we work to help you choose the right and appropriate legal solutions for your project, while providing legal consulting services. Through this, we aim to encourage you to establish new projects, make them successful, and maintain their continuity.
