The final Law Update of 2022 is here, and it’s packed full of articles. The double edition features two focus areas, first is a spotlight on Energy and Resources and second we feature a collection of articles on Transport and Logistics. The developments occurring in these sectors in the MENA region are unprecedented and our lawyers cover vast themes for you.
The Energy and Resources focus features topics such as diversifying energy resources, solar PV, mining in the Middle East, renewable energy and green hydrogen. From a transport perspective, we draw attention to the Bahrain metro project, discuss the challenges and remedies associated with the repossession of an aircraft, and there is advice on what to consider should a party vary the terms of a shipping contract.
This edition navigates you through updates from across jurisdictions such as, Oman, Jordan, Saudi Arabia, Egypt, Iraq, Qatar, and the UAE. Each article is timely and provides insights into legal issues and cases that are affecting these sectors across the region.Read the full edition
Middle East expert law firm Al Tamimi & Company and real estate company Colliers International have joined forces to offer hotel owners, investors and financiers a new consultancy service aimed at valuing assets, driving profitability and minimizing risk exposure.
The hotel health check service – known as the adVANTAGE Report – will provide a critical asset management and legal overview of hotel assets, together with analysis of the underlying business and legal structure.
Industry and legal experts from both Al Tamimi & Company and Colliers International will analyse performance and valuation of hotel assets, financial indebtedness, existing corporate and asset ownership structures, management agreement key terms, critical third party contracts and particular risk areas.
The findings will be set out in the adVANTAGE Report, which is a framework for the owner, investor or financier to implement, designed to drive enhanced profitability and reduce risk exposure within today’s competitive market.
Tara Marlow, Head of Hospitality at Al Tamimi & Company said: “Following a turbulent time for the hotel industry across the MENA region, maturing markets and stabilization of many hotel assets, now is a good time for hotel businesses to consider whether they are best placed to successfully move forwards in a changing and competitive environment.
We are very pleased to collaborate with Colliers International on this new hotel health check initiative. It makes absolute sense to combine our legal and industry expertise and experience, to be able to provide our clients with cohesive commercial and legal advice.”
Colliers International’s Head of Hotels and Resorts, Filippo Sona, said that the service had been devised to tackle the issue of under-performing hotel assets in the Middle East. “With over 120 million hotel nights of hotel stay available per year, the MENA region is a significant global destination. The hotel sector across the region has seen a significant improvement on its position following the economic slowdown, however, with large hotel supply pipelines across borders, and source markets’ volatile economies, many assets are achieving below benchmark profitability in current market conditions.”