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Find out moreReal estate, construction, and hospitality are at the forefront of transformation across the Middle East – reshaping cities, driving investment, and demanding increasingly sophisticated legal frameworks.
In the June edition of Law Update, we take a closer look at the legal shifts influencing the sector – from Dubai’s new Real Estate Investment Funds Law and major reforms in Qatar, to Bahrain’s push toward digitalisation in property and timeshare regulation. We also explore practical issues around strata, zoning, joint ventures, and hotel management agreements that are critical to navigating today’s market.
As the landscape becomes more complex, understanding the legal dynamics behind these developments is key to making informed, strategic decisions.
2025 is set to be a game-changer for the MENA region, with legal and regulatory shifts from 2024 continuing to reshape its economic landscape. Saudi Arabia, the UAE, Egypt, Iraq, Qatar, and Bahrain are all implementing groundbreaking reforms in sustainable financing, investment laws, labor regulations, and dispute resolution. As the region positions itself for deeper global integration, businesses must adapt to a rapidly evolving legal environment.
Our Eyes on 2025 publication provides essential insights and practical guidance on the key legal updates shaping the year ahead—equipping you with the knowledge to stay ahead in this dynamic market.
On Wednesday the 2nd of December 2020 the Ministry of Commerce (“MOC”) announced the issuance of a ministerial resolution (no. 348) and two circulars to suspend some of the provisions of the Companies Law [1], pursuant to an earlier a royal decree [2].
This royal decree was among several initiatives designed to ease economic difficulties facing companies, as a result of the COVID-19 pandemic, by giving authority to the Minister of Commerce to suspend Companies Law provisions that had become difficult to comply with.
The suspended provisions affect limited liability companies and closed joint stock companies, as they are the most regulated entity types and those most adopted by both local and foreign investors.
The provisions above will last until 31 December 2020.
However, the director(s) or the board of directors of the limited liability company must comply with the following:
Al Tamimi & Company’s specialist Corporate Structuring and Corporate Commercial teams are experienced in providing bespoke, creative solutions and strategies for our clients on all aspects related to corporate law and in particular, advising on business structures available to foreign companies in the Kingdom of Saudi Arabia.
[1] Royal Decree (M/3) Dated 28/01/1437 (corresponding to 12/11/2015G)
[2] Royal Decree no. 15016 dated 2 November 2020
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