CapitaLand’s wholly-owned lodging subsidiary The Ascott Limited has secured contracts for 25 new properties that contribute over 5,400 units across 19 cities around the world, amid the COVID-19 headwinds.
Abu Dhabi's developer Imkan has awarded Sogea Maroc, subsidiary of French group Vinci, an AED 300 mn contract to build the first phase of Le Carrousel in Rabat, Morocco
Morocco's real estate sector, or the second-largest job provider sector in the North African country, is facing a slow down during the current year amid a notable economic downturn.
Hilton expects to open 100 hotels across the MENA region by 2023, mainly in UAE, Saudi Arabia, Kuwait, Bahrain, Morocco, and Egypt.
Abu Dhabi Fund for Development (ADFD) has bolstered the development of a major high-speed rail network in Morocco that connects the major cities of Tangier and Casablanca with investments worth USD 140 mn
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