Date post: | 16-Jul-2015 |
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Business |
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Let’sTalk
Caroline Lewis - O’HalloranRegional Director -Business DevelopmentHyder Consulting ME Ltd.
Hyder’s History
Freeman Fox &Partners
established
1857
John Taylor & Sons advised on Aden
Water Supply
1904
John Taylor & Sons
1882
Acer acquired by Welsh Water
1993
Acer Consultants formed through
merger of Freeman Fox and John Taylor
1987
Management buy-out
2001
Renamed asHyder Consulting
1996
Group restructured to align more closely to client’s needs in three key sectors:
transport, property and utilities
2009
Floatation on London Stock
Exchange
2002
230 Years Worldwide
110 Years in the Middle East
2014
Hyder established in Saudi Arabia
2012
Millwright/Engineer for the Chelsea
Water Company, appointed Inspector
1784
Hyder’s Global Operations
Global Reachcombined workforce of 4,500 worldwide
Middle East 1,500 staff
UK & Europe1,719 staff
Asia Pacific1,236 staff
Revenue (2013) GBP 298.1m
Stock symbol: (HYC.L)
UK
IrelandGermany
GCC Countries
China
VietnamPhilippines
Australia
Hong Kong
Bangalore
Tower Bridge, London
1894
Victoria Falls Bridge, Zambia / Zimbabwe
1903
Sydney Harbour Bridge, Sydney, Australia
1924
1970, Telegram Received in London: “All is forgiven. Please come back and finish what you started.” (Page 361, Chelsea to Cairo).
1970, Yemeni Engineer to Jessop Price: “Anyone who is a friend of John Calvert and Oliver Taylor is a friend of mine!” (Page 361, Chelsea to Cairo).
QUOTES:
110 Years in the Middle East - South Yemen
Tony Harris and Son Glen at Buckingham Palace –Awarded OBE in 1985
1904 -1989
Greater Cairo Wastewater, Egypt.
1935 -1985
Emirates Towers, Dubai, UAE
2000
2010
Burj Khalifa, Dubai, UAE
Hyder’s 1st KSA Board Meeting
Hyder launches in Saudi Arabia
Saudisation & Nitaqat
Tax: Company Structure in KSA
Fees for technical services
UK Head Office
Local KSACompany KSA Client
Scenario 1: Set up a local company with work done in KSA
Fees for technical servicesFees for technical services 15% WHT Recoverable
under UK tax treaty
UK Head Office
UK RelatedCompany KSA Client
Local KSACompany
Scenario 2: Set up a local company with work done outside KSA (by a related entity)
Fees for technical services 5% WHT Recoverable under
UK tax treaty
UK Company KSA Client
Scenario 3: Contract directly with KSA Client from the UK
Let’s Talk Summary
• Cultural Awareness
• Branding
• History
• Local Partner and the licensing Route
• Bureaucracy
• Understanding you local market
• Plan Carefully
• Relationship, Relationship, Relationship.