14 November 2012

International law firm Ashurst launches office in Jeddah, Saudi Arabia

13 November 2012 - Ashurst is set to boost its practice in the Middle East with the launch of an office in Jeddah by establishing an association with Saudi partner Faisal Adnan Baassiri. 

Faisal Adnan Baassiri was head of legal at SEDCO, a large Saudi, Shari'ah-compliant wealth management company. Faisal is a general practice lawyer, with expertise in general corporate work, real estate and funds. Prior to his time at SEDCO, Faisal worked in the Osama Yamani Law Firm in Jeddah. 

The firm will focus on energy, transport and infrastructure matters and offering corporate services in the region, especially in Jeddah. 

Joss Dare, head of Ashurst in the Middle East, said "The economy in Saudi Arabia is undergoing significant expansion, which is set to continue over the next few years. There are substantial business opportunities that fit well with our regional strategic focus on the energy, transport and infrastructure industries. Moreover, the market also provides extensive opportunities for general corporate, finance and other legal work. This is the first step for us in the Kingdom and we are confident that our offering will grow in breadth and depth. 

The right people are key to any new venture. We are very fortunate to be able to establish a presence in Jeddah with such a highly respected practitioner. We have a longstanding relationship with Faisal and have every confidence that he is exactly the right person for us and that he will make a significant contribution to the success of our new venture." 

Faisal Adnan Baassiri added, "I have worked with law firms from all over the world and on a client level Ashurst always delivered an exemplary service. I am delighted now to play a part in that and look forward to helping the office grow and develop." 

Source: Ashurst