The regional real estate, construction and hospitality sectors have been turned upside down over the last two years, with Covid-19 bringing these sectors to a halt. The impact of the pandemic remains, however, the resurrection of these vital sectors across the region is a welcome relief because they support the development of modern cities, which in turn have attracted commerce and tourism to the Middle East and North Africa.
This latest edition of Law Update, provides vital insights, updates and commentary on the latest trends taking shape across the real estate, construction, hotels and leisure sectors. The articles within this edition cover a broad range of topics, from what’s next for real estate in Dubai, to commentary on Saudi real estate, a market that is set to become the main bedrock of the region for years ahead. You will find articles on reforming real estate laws in Qatar, foreign investment and ownership in Oman, and mitigating risks on hotel construction projects and the lessons learnt from Covid.Read the full report
Al Tamimi & Company, the Middle East’s largest law firm, has won an impressive five awards at this year’s IFLR Middle East Awards, underlining its position as the region’s pre-eminent law firm for banking and finance matters, and for capital markets transactions in particular.
Al Tamimi won across a variety of categories including: M&A deal of the year for Abu Dhabi Islamic Bank’s acquisition of Barclays’ UAE retail banking assets; Project Finance deal of the year for Az-Zour North IWPP; UAE law firm of the year; and Jordan law firm of the year. Husam Hourani also won the highly coveted Managing Partner of the year award for the second year running.
Success at the respected IFLR Middle East Awards follows a strong year for Al Tamimi. Over the last 12 months, the firm grew to over 500 employees and now has 49 partners, both significant internal milestones for the company. The firm also expanded its operational presence, opening new premises in Ras Al Khaimah, Erbil, Muscat and Manama. Al Tamimi’s newest office in Manama, Bahrain, was especially significant as it marks the firm’s presence across all six GCC countries.
Essam Al Tamimi, Senior Partner at Al Tamimi & Company, said:
“We are truly delighted with our success at the IFLR Middle East Awards, which were all in highly competitive categories. These awards are a strong indicator that we are continuing to cement our position as the number one law firm in the region.
“Al Tamimi has had a great year to date and that is testament to all our lawyers’ experience, expertise and dedication to clients. I am extremely proud of what has been achieved in recent months and look forward to that positive momentum continuing in 2015.”