Contracts represent the beginning of every business relationship, and the contract represents a burden on its parties, if it is not well formulated for the framework of the relationship, the rights and duties of the relevant parties, and the way out of this relationship. Due to the importance of contracts in the commercial sector, a section has been allocated to it, and the section supports the work of other departments in reviewing contracts, preparing their models, creating organizational structures for them, and classifying them according to each sector, in addition to keeping abreast of developments in local and international laws and regulations, including them in customer contracts, as well as finding solutions; To give customers contracts strength in actual and judicial implementation and to set appropriate exits for them. The work team drafts and reviews several types of contracts, including:
Project financing contracts.
- Lease, sale and purchase agreements.
- Partner Agreements (SHA).
- Privatization contracts, public-private partnership and BOOT.
- FIDIC agreements.