First Independent Mena Newspaper
Egypt’s leading developer Palm Hills has entered into an agreement with Marriott International to build a luxury hotel under the name of Ritz-Carlton Palm Hills in West Cairo with investments of $130 million, the office of Prime Minister Mustafa Madbouli has announced. The agreement was signed Monday December 4 by Mr. Yasin Mansour, Chairman of […]
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 […]
Once a Royal Palace overlooking the Atlantic Ocean and laying at the foot of the Western High-Atlas mountains, the edifice will soon be turned into a landmark resort adding to the tourist attraction of Morocco’s second tourist destination, Agadir, Moroccan media outlets reported. The palace, 20 km north of Agadir, was established by the late […]