Business
JP Legal Saudi Advises Regional Hospitality Brand TIME Hotels on Saudi Market Entry
Regional law firm JP Legal has advised TIME Hotels, a regional hospitality brand, on establishing operations in the Saudi markets. This strategic move is set to expand the brand’s growth in the region.
TIME Hotels is a rapidly expanding hotel management company with five distinct brands catering to a wide range of guest profiles. The brand was co-founded in 2012 by Mohamed Awadalla, CEO, who oversees the company’s Hotels & Resorts, Hotel Apartments, Express Hotels, Residences, and Motels. Awadalla is tasked with spearheading future development and driving the commercial success of TIME Hotels’ expanding portfolio in the Middle East and Northern Africa.
Under the leadership of newly appointed COO William Costley, TIME Hotels has embarked on an exciting journey of growth and transformation. The revamped brand identity reflects a commitment to adapting to the ever-changing preferences of its guests while upholding its core values of providing top-notch service and pioneering innovation. With a career spanning over 40 years in various international markets, Costley brings a wealth of experience to the company. He recently shared with Hotelier the strategic direction behind the brand’s revamp and its implications for the company’s evolution.
The JP Legal corporate team for TIME Hotels was led by Riyadh-based Partner Anas El Jisr, assisted by associates Basil Al Ruwaili, Joyce Karam, and Diala Hayek.
Operating across its offices in the Middle East, JP Legal Saudi Arabia has advised and assisted multinational companies on entering the Saudi markets and establishing a strong presence. The firm has guided renowned brands like Elie Saab in setting up retail stores in the heart of Via Riyadh, advised Anghami, a major player in the music industry, listed on the US NASDAQ Stock Exchange, on doing business in Saudi Arabia and Apotex Inc., a major multinational pharma company on setting up their Regional Headquarter in Saudi Arabia. JP Legal has seen significant growth, with recent senior recruits from major regional and international firms.
Anas El Jisr, Corporate/M&A Partner at JP Legal, stated: “We remain dedicated to advising major brands on entering the Saudi markets, which we believe is the heart of the MENA region. Saudi Arabia is leading across all sectors and offers immense potential for great companies. The country has grown exponentially post-implementation of the Vision 2030 initiative and has become a number one business hub for multinational players”.
Business
5 Reasons Your Business Should Invest in Solar Energy
In today’s rapidly evolving marketplace, sustainability is no longer a buzzword – it’s a business imperative. With energy costs rising and consumers gravitating towards environmentally conscious brands, businesses that embrace solar energy not only reduce their carbon footprint but also unlock significant financial and operational benefits. Here are five compelling reasons why your business should invest in solar energy:
Slash Your Energy Costs
Electricity prices in Australia have been steadily increasing, putting pressure on businesses to manage operating expenses. Solar energy provides an opportunity to significantly reduce, if not eliminate, your reliance on traditional energy sources. By generating your own power, you can stabilise your energy costs and reinvest those savings into other areas of your business.
Attract Eco-Conscious Customers
More than ever, customers are choosing businesses that align with their values. By investing in solar energy, you send a clear message about your commitment to sustainability – this can boost your brand reputation, attract eco-conscious clients, and even create new marketing opportunities to showcase your green credentials.
Take Advantage of Government Incentives
Australian businesses investing in solar energy can benefit from various government incentives, such as the Small-scale Renewable Energy Scheme (SRES). These schemes can significantly reduce the upfront cost of installing solar panels, making it an even more attractive investment. Ensuring your business takes full advantage of these incentives is a smart financial move.
Enhance Energy Independence and Resilience
By generating your own solar power, your business becomes less dependent on the fluctuating prices and reliability of the electricity grid. Solar energy, combined with battery storage systems, ensures uninterrupted power supply during outages, which is especially crucial for businesses in regions prone to extreme weather events.
Boost Your Property Value
Installing solar panels is not just a short-term cost-saving measure; it’s a long-term investment. Commercial properties with solar installations often have higher market values and attract tenants looking for energy-efficient spaces. Solar energy systems are a durable asset that can provide financial returns for decades.
How to Get Started
Transitioning to solar energy might seem daunting, but it doesn’t have to be. By working with experienced professionals, you can assess your energy needs and design a solar solution tailored to your business. If your business is located in New South Wales, you can easily find a solar installer in Newcastle to help you make the switch to solar energy seamlessly.
Final Thoughts
Investing in solar energy is no longer just an environmental choice – it’s a strategic business decision. From cost savings to enhanced brand reputation, the benefits are undeniable. By acting now, your business can stay ahead of the curve, reduce its environmental impact, and enjoy a brighter, more sustainable future.
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