Prominent construction contracts involving foreign investors and contractors - particularly with the incentives provided by the government in recent years, especially in the energy and construction sectors - have increased the necessity for complex construction agreements to be drafted.
In view of this, an understanding of the complex nature of FIDIC form turnkey-based engineering, procurement and construction contracts is a necessity.
These FIDIC form contracts, requiring a single contractor to take responsibility for the supply of all the equipment necessary in the engineering, project designing and construction phases, and for performance of the tests and maintenance of the construction - thus fulfilling all the investors’ requirements - need to satisfy completely the demands of both investors and contractors.
Our firm, with its extensive regulatory knowledge regarding construction projects and noteworthy experience in most commonly used types of international agreements, such as FIDIC Agreements, is a dominant player in the legal market in relation to the satisfaction of the needs of both investors and contractors at every stage of these projects.