News / Developers

Mall of Oman Underway for 2021 Opening

Dubai-based retail and leisure developer Majid Al Futtaim has announced that construction work of Mall of Oman, the group’s fifth and biggest lifestyle destination, is in full swing for March 2021 opening, having hit two major infrastructure milestones en route

Rixos Hotels Inks Deal for its Largest Resort on Red Sea

Turkish chain Rixos Hotels has signed an agreement to manage its largest all-inclusive luxury resort on Egypt's Red Sea coast, coming as part of the joint venture partner Accor’s plans to expand its presence in the Middle East

Azizi Developments Offers 329 Retail Units for Sale

UAE's private developer Azizi Developments launched the sale of 329 retail units, spreading across all of its developments in Dubai, through its outlets' division, Azizi Retail.

ARDIC Sees Major Structural Reforms

Samir Aref has been named the new chairman of ARDIC for Real Estate Development and Investments' board of directors, whilst Mohamed Dawood was entitled as its vice-chairman, a step coming as part of the company’s structural reforms.

Tatweer Misr Delivers 169 Units in Fouka Bay’s Phase I

Egypt's real estate developer Tatweer Misr is fully handing over this summer phase I of Fouka Bay, its mixed-use project on the North Coast, delivering a total of 169 luxury-finished residential units.

The Address Developments to Build EGP 2 bn Project in New Cairo

The Address Developments, an affiliate to The Address Investments Real Estate Consultancy, has acquired a 25-acre plot in Fifth Settlement, New Cairo, at an investment value of EGP 2 bn.

Emaar Misr Posts Lower Profits in H1

Emaar Misr, a wholly-owned subsidiary of UAE-based Emaar Properties, reported a 91% drop year-on-year (YoY) in its profits during the first half of 2019

EMPC Extends Al Hokair’s Rights to Magic Land Overhaul

Egyptian Media Production City’s (EMPC) board has approved extending its agreement with KSA-based Al Hokair Group to redevelop and manage Magic Land, the former's amusement park in west Cairo, under a build-operate-transfer framework

Hilton, Alshaya Group Partner for 70 Hampton by Hilton Hotels

Hilton and Alshaya Group announced on July 31 the exclusive signing of a master development agreement to launch and develop 70 Hampton by Hilton hotels in nine countries, most of which will be in the Middle East, North Africa, Turkey, and Russia.

New Steigenberger Hotel Opens in North Egypt

Steigenberger Hotels and Resorts, Deutsche Hospitality’s luxury brand, continues to expand its portfolio with the opening of a new lavish hotel in Ras El Bar, North Egypt, offering “a truly stunning setting right at the point where the Nile Delta flows into the Mediterranean."

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