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Saudi Arabia’s PIF, London-based Cain invest $900m in Aman hotel group

Saudi Arabia’s Public Investment Fund (PIF) and London-based real estate investment firm Cain International have injected $900 million in luxury hotel group Aman, Zawya reports citing the two partners. “Our investment in Aman Group reflects PIF’s belief in the current potential of the hospitality and tourism industry, both internationally and in Saudi Arabia,” PIF Deputy […]

Morocco to set up permanent committee to manage natural hazards after deadly flood

Morocco vowed to set up a natural hazard management committee and an early warning system to protect citizens against floods after torrential rains took the lives of seven football fans in a village in the southern province of Taroudant. On Wednesday afternoon, seven people died in a flash flood that took them by surprise while […]

Morocco: Royal Mansour ranks 5th best hotel in the world; 2 other hotels in the top 100

Morocco’s Royal Mansour Hotel in Marrakech is ranked as the fifth best hotel in the world, according to a recent ranking by Travel & Leisure Magazine for the year 2022. The Oberoi, and Mandarin Oriental, two other hotels, also located in Marrakech, are among the 100 best luxury hotels in the world for the year […]