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AI + Innovation (MENA) 
Infrastructure 
Egypt draws 16.2 mn tourists, targets 20 mn by year-end
Minister of Tourism and Antiquities Sherif Fathy says Egypt can host 60-70 mn tourists a year, but needs more hotel…
ADD Properties secures USD 265 mn syndicated loan led by the EBRD for its Giza hotel
The EBRD has arranged the USD 265 mn syndicated loan for ADD Properties’ new Grand Hyatt on the Giza Plateau,…
Beltone’s new B-Torohat fund aims to ride Egypt’s busiest IPO run in years
Plus: Egypt’s SPAC pipeline grows as four companies eye blank-check listings
Pickalbatros closes USD 250 mn sustainability-linked package from IFC, Attijariwafa for Morocco expansion
The Egyptian group now runs nine hotels and more than 2.7k rooms in Morocco
Hyde Park buys 415 feddans of historic Dream Land land in 6th of October City
Plus: UDF awarded a 20-year usufruct to Ananea Hotels & Resorts and Beit El Qahira to turn Wakalet El Shourbagi…
S&P affirmed Egypt’s sovereign credit at B/B and Fitch Ratings at B, both with a stable outlook
Good morning, friends, and welcome back from the long weekend. Today’s issue gives us some genuine bright spots to carry…
Red Sea hotel developers get a lifeline as Mostakbal Misr steps in with discounted settlement framework
Mostakbal Misr accepted the bulk of investor appeals against TDA’s Red Sea land seizures
The business case for hotel eco-certifications in Egypt
🛎️🌳 Sustainable hospitality has become a two-birds-with-one-stone kind of strategy for hotels and resorts — an obvious upside for more…
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