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Find out moreThe 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 reportThe past months have brought numerous new developments to the DIFC framework:
On 15th April 2020, the DIFC announced, in particular the following initiatives to help and protect DIFC businesses from the Covid-19-related impact on their financial performance:
From Sunday April 26th DIFC entities can partially resume for business, as follows:
Every person entering the DIFC (as employee or visitor):
Between 1 April and 31 July 2020, the following measures could be introduced by employers:
From 19 April 2020, in particular the following modifications have been introduced to the DIFC portal for entities:
For New businesses:
For Existing businesses:
Other Developments
Finally:
To help you benefit from the new developments, we would be particularly happy to advise you on:
Izabella Szadkowska
Partner, Corporate Structuring
i.szadkowska@tamimi.com
Noff Al Khafaji
Senior Associate, Corporate Structuring
n.alkhafaji@tamimi.com
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