Building bridges: Saudi-Korea collaboration takes center stage at joint seminar between Hourani and Jipyong

On October 16, 2024, Hourani & Partners and Jipyong LLC jointly hosted an insightful seminar focusing on Saudi Arabia’s evolving business environment. The event aimed to foster cross-border collaborations between South Korea and Saudi Arabia, bringing together business leaders and legal experts from both regions.

Key presentations from Hayel Hourani, Managing Principal and Zain Satardien, Head of Tax and International Trade, focused on two critical topics:

• Recent developments in Saudi Arabia’s reform legislation and regulatory framework
• Key considerations and risks in pursuing corporate ties in Saudi Arabia

The discussions provided valuable insights into macroeconomic trends, legal reforms, and strategies for navigating risks in Saudi Arabia’s business landscape. Opportunities for collaboration were identified in the Kingdom’s rapidly-evolving infrastructure and energy sectors in addition to its “smart cities” initiatives.

Hayel Hourani remarked, “With the rapid pace of reforms under Vision 2030, businesses need to remain agile and well-informed. Our partnership with Jipyong enables us to connect international and Korean businesses with Saudi Arabian and GCC opportunities, paving the way for sustainable growth.”

Zain Satardien added, “Understanding the legal and tax landscape and mitigating risks is critical for companies entering Saudi Arabia and the GCC. Through this seminar, we aimed to equip businesses with the legal and strategic tools they need to establish meaningful, long-term partnerships across borders.”

The seminar was a significant step toward deepening business ties between the two countries and supporting investment opportunities that align with Saudi Arabia’s long-term development strategy.

This collaborative event reflects Hourani & Partners and Jipyong commitment to facilitating strategic growth in a rapidly evolving legal and economic environment.

About Jipyong 

Jipyong is a leading full-service law firm headquartered in Seoul, Korea, with a broad network of offices across Asia. Known for its expertise across diverse practice areas, including corporate law, dispute resolution, finance, and tax, Jipyong supports both local and international clients. The firm is recognized for its commitment to excellence, innovation, and fostering long-term partnerships, making it a trusted legal partner for cross-border ventures.