Recent developments in the Middle East have rocket-fueled the region’s ambitions to one day become “globally dominant” in law, according to several lawyers in the region.
Saudi Arabia’s emergence as a force to be reckoned with amid a relaxation of entry rules, the UAE’s introduction of corporate tax of 9%, Saudi Aramco’s sway over the energy market—having posted profits this month of $32 billion—are just some of the factors that are leading lawyers to suggest the region is on the cusp of becoming truly international in scope and ambition.
