Speech Mr. Mohamad Awadalla, CEO of Time Hotels

Grand Opening Press Conference

February 16th, 2018

Respected ladies and gentlemen,

Good Evening!

Thank you for making the time to attend this special occasion of the launch of the TIME Rako Hotel in Qatar.

We are pleased to announce the launch of the TIME Rako Hotel, a four star property located on the Mesaieed Road at Al Wakra. For those who may not be aware, I am happy to present to you the TIME Rako Hotel which is a member of the well-respected regional brand TIME hotels.

As the very name suggests we are all about offering our guests a great experience that combines quality service in a relaxed atmosphere they can truly enjoy.

How do I say that? Well, Rako is a Japanese word that means relaxation or enjoyment. Our aim therefore is to offer a perfect blend of luxury accommodations, services and amenities.

The TIME Rako is being launchedat a time when Qatar is emerging as a major player in thehospitality and franchise investment market in the GCC, due to the requirements of the upcoming 2022FIFA World Cup. The hotel industry is indeed poised for further growth and we at the TIME Hotel take great pride in being able to be part of this prestigious event.

To provide you with a little more insight on how we operate, I am proud to say, that it is the mission of the TIME Hotel to become a leader. Our properties are operated and overseen by a team of experienced professionals, from across the world.

While sparing no effort, we believe in bringing together highly accomplished individuals with varied aptitudes and talents from across the world. Our multicultural team is dedicated to providing first-class hospitality services for our business and leisure guests.

As a matter of fact, it is part of the core values of the TIME Hotels to take pride in what we deliver, while being enthusiastic and dedicated to our efforts. The rooms, serviced apartments and residences managed by TIME are renowned for the unique, upscale lodging experience that our guests enjoy.

We are confident of being able to offer our guests a true taste of hospitality keeping with the time-honored tradition of Qatar!

Thank you once again for joining us today.