Ashurst announces Saudi Arabia launch

 ASHURST is set to boost its practice in the Middle East with the launch of an office in Jeddah by establishing an association with Saudi partner Faisal Adnan Baassiri. 

Faisal Adnan Baassiri was head of legal at SEDCO, a large Saudi, Shari’ah-compliant wealth management company. Faisal is a general practice lawyer, with expertise in general corporate work, real estate and funds. Prior to his time at  SEDCO, he worked in the Osama Yamani law Firm in Jeddah. 

The firm will focus on energy, transport and infrastructure matters and offering corporate services in the region, especially in Jeddah. 

Joss Dare, head of Ashurst in the Middle East, said: “The economy in Saudi Arabia is undergoing significant expansion, which is set to continue over the next few years. There are substantial business opportunities that fit well with our regional strategic focus on the energy, transport and infrastructure industries. Moreover, the market also provides extensive opportunities for general corporate, finance and other legal work. This is the first step for us in the Kingdom and we are confident that our offering will grow in breadth and depth.”