Egyptian developer Al Ashraaf Developments and IHG Hotels & Resorts have partnered to launch Holiday Inn Cairo Al Obour in Cairo, Egypt. This 170-key property will be located in Al Obour City, an urban fast-growing destination northeast of Cairo recognised for its connectivity to Cairo International Airport and proximity to large-scale residential, commercial, and industrial developments.
Sodic, Egypt’s leading real estate developer, has officially begun early handovers at Vye, its flagship community project in West Cairo, making it the first development in New Zayed to deliver ahead of schedule. Vye is home to the largest solar-powered residential project in Africa and the second largest in the Middle East. The developer has over 1,700 homes set for delivery ahead of schedule this year, including 452 fully finished, move-in-ready residences.
US$2 trillion investment in sustainable construction can reduce emissions by 50-60 percent as the MENA region envisions the establishment of mega-projects in new ‘built environments’ by 2035. The findings are based on the latest research by Strategy& Middle East, part of the PwC network, and the planning, design, management and consultancy, Dar. Mega-projects like Saudi Arabia’s NEOM futuristic city and Qatar’s Lusail entertainment city will play a pivotal role towards achieving net zero emissions goals through sustainable development.