Leading global law firm Dentons said it led the discussion on Fidic (International Federation of Consulting Engineers) contracts at the recent Big 5 Saudi Arabia conference held in Jeddah.
The largest event of its kind in the kingdom, the Big 5 Saudi attracted more than 1200 construction industry specialists to the Saudi city.
Despite challenging market conditions across the region, the kingdom’s $732 billion construction industry is projected to remain strong as the government continues to roll out major infrastructure development programmes, said a statement from Dentons.
The adoption of Fidic-based agreements for government-led projects, such as the Haramain Rail and the Makkah Metro projects, has been a welcome development for international players. More info