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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 reportAl Tamimi & Company, the leading law firm in the region, has signed a memorandum of understanding with Bahrain FinTech Bay – one of the largest and most dynamic FinTech hubs in the Middle East. The agreement reflects the long-standing mutual collaboration between the law firms Bahrain office and the business incubation hub.
As part of the collaboration, Al Tamimi & Company will host legal ‘drop-in’ clinics for start-up and scale-up entities operating in or targeting Bahrain, providing important insights and advice on the legal landscape. Businesses will benefit from support, mentoring and advice that is vital when a business is at the all-important inception stage.
The Bahrain office of Al Tamimi & Company has been heavily involved in the start-up space (with a particular focus on the FinTech sector) since 2017, including; providing mentoring sessions, coaching sessions, legal support and advice on key topics such as corporate structuring; raising funds; protecting intellectual property; employment issues; and preparation of commercial agreements.
Rad El Treki, Partner, Head of Corporate Structuring – Al Tamimi & Company, Bahrain said:
“This agreement facilitates legal access, support and guidance to cohorts of innovators within FinTech Bay’s state of the art facility, and forms part of its wider program of acceleration support and educational curation. We are delighted to provide access to our broad spectrum legal expertise to businesses starting on their journey.
“Bahrain’s long history as a regional pioneer, its culture of innovation, its agile legal framework, and its position as the gateway to the GCC states, perfectly positions the Kingdom as an ideal launchpad for regional start-ups and the torchbearer in facilitating a populous start-up community to lead the way in the FinTech space”.
Suzy Al Zeerah, Chief Partnerships Officer at Bahrain FinTech Bay, commented:
“We are pleased to have Al Tamimi & Company provide legal access, support, and guidance to our portfolio of start-ups and scale-ups in Bahrain and across the wider region. Working together with Al Tamimi & Company will add value by adding a legal perspective to our start-ups acceleration and incubation services, It also aligns with our mandate of fostering innovation in the Kingdom through our various programs, from acceleration, incubation, and education.”
Bahrain FinTech Bay has been pivotal in developing and facilitating the Start-Up ecosystem in the Kingdom. The arrangement with the FinTech hub is of strategic importance to Al Tamimi & Company Bahrain, as it augments the law firms commitment to work with and facilitate start-up and scale-up FinTech entities in line with Bahrain’s objective of cementing itself as a leading regional hub for start-ups.
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