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The real estate sector’s 2023 recap + what to expect in 2024
The real estate market remained resilient amid economic headwinds, with hospitality and residential sectors taking the lead
AD Ports inks USD 3 mn initial agreement to run three cruise terminals. PLUS: ex-NDP HQ complex, Russian EV factory, Tasweyat capital increase
AD Ports is expected to ink the final 15-year concession agreement in 1Q 2024
Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
Abu Dhabi Tourism Investment Company has allocated USD 80 mn to build a new hotel under the brand Sofitel Legend,…
Jaz Hotel Group adds hotels, cruise ships to portfolio in EGP 3.5 bn expansion
The acquisition will add 700 rooms to the group’s portfolio
Cabinet greenlights incentives for hospitality players
Hotel companies can receive up to EGP 2 bn to increase their hotel room capacity
Egypt to survey land plots for new renewable energy projects. PLUS: Recycling phones, more hotels, and an airline returns to Egypt.
MORE SOLAR + WIND PROJECTS? The New and Renewable Energy Authority (NREA) will run studies on the suitability of almost…
Ritz-Carlton will finally come to west Cairo
Palm Hills and Marriott will work on the new hotel together
Hilton and Amazon Developments to build hotel in new capital tower. PLUS news from IFC, Jan De Nul, EgyptAir
The 120-room hotel with four restaurants and a swimming pool is expected to open in 2026
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