Saudi law firm AlSabhan & AlAjaji has signed an agreement with international law firm Pinsent Masons during the Saudi-UK CEO Forum, to facilitate co-operative efforts to develop the Saudi firm’s legal know-how in the area of Public Private Partnership (PPP) transactions.

The forum took place during Crown Prince Mohammed bin Salman’s recent visit to the UK at Mansion House, the official residence of the Lord Mayor of London.

The memorandum of understanding (MoU) between the two firms - signed by Ibrahim Al Ajaji, managing partner at AlAabhan & AlAjaji and Richard Foley, senior partner at Pinsent Masons - outlines a five-year commitment by Pinsent Masons to develop AlAabhan & AlAjaji’s legal know-how in PPPs.

AlSabhan & AlAjaji and Pinsent Masons have been working together for a number of years on Saudi, regional Mena and international matters, most evident in the infrastructure, energy and technology sectors. This MoU follows an association announcement made late last year and is evidence of the close relationship between the two firms.

Ibrahim AlAjaji said: “We have planned for this with PM and it is the perfect time to execute it, Saudi Arabia has committed through Vision 2030 to become a global investment powerhouse realizing the strong investment capabilities the Kingdom has at its disposal. Public-Private Partnerships are an essential part of the delivery strategy.”

Sachin Kerur, head of Pinsent Masons in the Middle East, said: "We have worked closely with Ibrahim and Naif for a number of years and they understand and share our commitment to client delivery and sector focus.”

“In line with Vision 2030, there has been a rapid pace of change in the Kingdom and we predict a number of international companies will want to invest in the country. With Pinsent Masons’ support, AlSabhan & AlAjaji will be able to meet the demand head-on,” he added. – TradeArabia News Service