Ascott Secures 25 New Properties Globally Despite Pandemic

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.

Imkan Awards Construction Deal for Le Carrousel in Morocco

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 Market Slows Down in 2019

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 Plans for 100 Hotel Openings in MENA by 2023

Hilton expects to open 100 hotels across the MENA region by 2023, mainly in UAE, Saudi Arabia, Kuwait, Bahrain, Morocco, and Egypt.

ADFD Invests USD 140 mn to Develop High-Speed Moroccan Rail Project

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

Eagle Hills to Launch New Project in Morocco

Leading UAE real estate developer Eagle Hills is launching a new luxury resort, La Bahia Blanca, in Tamuda Bay near Tangiers in Morocco, Invest-Gate reports.

Arab Contractors Carries Out Infrastructure Project in North Africa for EGP 500 M

The Arab Contractors Co., an Egypt-based construction firm, is implementing infrastructure projects in North Africa for EGP 500 million, said Mohsen Salah, Arab Contractors Chairperson.

Hilton Expands with a Fourth Agreement in Morocco

Hilton Worldwide along with Société d'Aménagement et de Promotion de la Station de Taghazout (SAPST) agreed on the opening of a fourth hotel, including 170 rooms, in the Taghazout Bay Resort.

UAE’s Green Valley Launches 350 Villas Morocco Project for AED 500M

Green Valley International Real Estate, a Dubai-based real estate company, announced the launch of the City of Green Valley Marrakech project, an investment worth AED 500 million ($136 million).

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