One of the key features of this year’s The Big 5 Saudi will include a collection of free certified educational workshops available for visitors to attend. The introduction of Saudi FIDIC is among the many hot topics on the educational agenda as the regulatory environment in Saudi Arabia evolves to include the International Federation of Consulting Engineers (FIDIC) system. “Saudi FIDIC will be well received by international players in the market or seeking to enter the market,” said Andrew Jones, partner and head of construction – Middle East at law firm Dentons and speaker at next week’s The Big 5 Saudi construction exhibition. “Historically, there has been a concern that in order to work on state-sponsored projects, in particular, contractors will need to sign up to unfavourable terms.
“Adopting a localised version of the FIDIC contracts will encourage parties to review and negotiate the terms and hopefully provide contractors with more comfort regarding their contractual rights and their risk profile.”
The Big 5 Saudi will showcase latest innovations for regional and international construction professionals from 7 to 10 March 2016.