Alrashid Cyber Mall, is Designed and hosted by Nova Stars Informations Services, Memeber of The Saudi Network, Trade and business informations and links to Saudi Arabia, Arabian gulf and middle east area.

Quran, Arabic and English
The Saudi Network

 
Saudi Arabia, Trade and business informations and links to Saudi Arabia, Arabian gulf and middle east area.
Member of
The Saudi Network, Trade and business informations and links to Saudi Arabia, Arabian gulf and middle east area.
Saudi Arabia Trade and Business Directory
Nova Stars Information Services, Trade and business informations and links to Saudi arabia, arabian gulf and middle east area.
Special Communication Systems
Home Table of Content Search Registration TSN Blogs

Foreign Contractor & Saudi Agent

 

 

THE RELATIONSHIP BETWEEN A FOREIGN CONTRACTOR
AND HIS SAUDI AGENT

The relationship between a foreign contractor and his Saudi Agent was regulated by Royal Decree No. M/2 of 21 Muharram 1398 H. (January 1978). This regulation applies to both, the Saudi agent and the foreign contractor who is contracting with the government of Saudi Arabia. It also applies to all contracts and agreements to which the foreign contractor and the government of Saudi Arabia are signatories.


Some of the salient features of this regulation are:

  • A foreign contractor who does not have a Saudi partner, should have a Saudi services agent.
  • The agent should be a Saudi national residing in the Kingdom of Saudi Arabia and should be registered in the Commercial Register of the Ministry of Commerce authorizing him to act as an agent.
  • The relations between a Saudi agent and a foreign contractor should be governed by an Agency Agreement defining the obligations of both parties.
  • A foreign contractor is required to pay the Saudi agent fees in return for the services he renders to the contractor. Such fees as determined by an agreement between both parties should not exceed 5 percent of the cost of the contract executed by the foreign contractor.
  • A foreign contractor performing different types of work may have more than one Saudi agent so as to match each type of work.
 

 

 

Car rentals in over 6000 locations worldwide

 

 

 

Back Home Up Next

Best Hotel Reservation

In Saudi Arabia & World Wide

Saudi Arabia
 Alrashid Cyber Mall, member of The Saudi Network, Trade and business informations and links to Saudi arabia, arabian gulf and middle east area.
Shopping in Saudi Arabia

Send E-mail to TSN@The-Saudi.Net with questions or comments about The Saudi Network.
1001 Arabian Network, Alrashid Cyber Mall and The Saudi Network are members of Nova* Stars* Information Services
The Saudi Network, Trade and business information and links to
Saudi Arabia, Arabian Gulf and Middle East Area.

morocco, libya, lebanon, kuwait, jordan, iraq, egypt, bahrain, algeria, yemen, uae, tunisia, syria, sudan, qatar, palestine, oman

We are Looking for Business Sponsorship or Marketing Partnership