Jeddah Islamic Port: Advancing Saudi Arabia’s Vision 2030 and
Jeddah Islamic Port is an important part of Saudi Arabia’s maritime landscape and is central to the Kingdom’s Vision 2030 due to its strategic location on the Red Sea. The port is located at the crossroads of major east-west and north-south trade routes and is critical to Saudi Arabia's economic growth and global trade network. Also read: Maersk unveils SAR 1.3 billion logistics center at Jeddah Islamic Port: A major milestone in Saudi Arabia’s global supply chain ambitions As part of Vision 2030, Jeddah Islamic Port has attracted significant foreign investment, including a $1.7 billion development project led by the Red Sea Gateway Terminal in partnership with Mawani. This upgrade is in line with Saudi Arabia’s goal to become a global logistics hub, providing unrivaled opportunities for local and international investors. Shipping industry leaders, including Red Sea Gateway Terminals Executive Chairman Aamer Alireza and Folk Maritime CEO Poul Hestbaek, highlighted the importance of public-private partnerships in realizing Saudi Arabia’s logistics…
Saudi Arabia’s major antitrust developments and competition trends
author Mohamed Elfar Mohamed (“Mo”) advises multinational companies across a wide range of industries on antitrust, competition and trade law. In the area of antitrust and competition law, he has worked on cartels, price fixing, market segmentation, and abuse of dominance and compliance issues. Mo also works extensively on trade disputes related to customs, dumping and safeguards. Mo has additional expertise advising clients on compliance, including in the areas of anti-bribery, compliance investigations, surprise inspections and unfair competition. He assists with regulatory approvals for mergers and acquisitions and advises on related competition law compliance issues. Mo joined Baker McKenzie in 2014 as a senior associate in the Cairo office and has served as an associate in Baker McKenzie’s Toronto office (only admitted to practice in Egypt), advising and representing clients. He previously worked in the firm’s London office, where he was responsible for investigations and merger filings before the EU Competition and Trade authorities. Mo has also worked as a…