CLIENT PROFILE
International group headquartered in Belgium with over 200 subsidiaries, serving numerous industries worldwide (incl. automotive, aerospace, electronics, and healthcare) with an annual turnover of approximately EUR 10.3 billion.
Client Profile
Major international GCC groups operating in energy sector in more than 20 countries.
Client Challenges
Navigating complex regional regulations and incentives to optimize corporate structures and operations for pre-IPO purposes.
Managing customs duties implications/ exemptions across GCC countries to ensure compliant and cost-effective cross-border operations.
Key Achievements
- Advised the customer on how to improve the process by implementing a data collection pipeline, storing quarterly data in a new Datawarehouse,data coming from Excel files and accounting software (SageX3).
- Implemented a Business Intelligence solution in order to generate a quarterly dashboard, automating as many tasks as possible, reducing publication time from 4 months to 2 weeks.
Key Achievements
Advised a UAE major renewable energy group operating in 20 countries on the conditions to benefit from UAE Free Zone regime for their holding, financing and headquarter activities.
Advised a major Saudi Group in the oil & gas sector on optimizing its operating structure through TP framework review, branch-to-LLC conversion, and IP centralization.
Advised an EPC group of Power Distribution and transmission Projects on the structuring of their operation in KSA including advice on KSA regional headquarter.
Provided advice to GCC and foreign companies on customs duties implications and exemptions in various countries (including under GAFTA and GCC Trade Agreements).