Investing in Egypt: the right way to go about it

Investing in Egypt: the right way to go about it

Egypt’s hospitality sector is on track to grow at a CAGR of 6.2 percent for the next five years, making it a sound proposition for investors. Chadi Chidiac, managing partner of Protocol Hospitality Management and Consultancy, explains how investors should approach this lucrative market.

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PE fund specialized in tourism SMEs in KSA is launched

PE fund specialized in tourism SMEs in KSA is launched

Derayah’s new fund comes within the framework of the Tourism Development Fund’s commitment to stimulating and supporting tourism investment.

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GrubTech raises USD 13M in Series A to accelerate its international growth

GrubTech raises USD 13M in Series A to accelerate its international growth

GrubTech’s all-encompassing software powers various key functions, including back of house, in-kitchen operations, and broad online presence.

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What is the risk level of COVID-19 in the Middle East’s foodservice industry?

What is the risk level of COVID-19 in the Middle East’s foodservice industry?

In the Middle East, foodservice companies traded on stock exchanges seem to be less exposed by comparison, but short-term liquidity is the biggest risk factor.

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All eyes on 2021

All eyes on 2021

With many pinning their hopes on tourism recovery in 2021, we ask Abdul Kader Saadi, managing director at Glee Hospitality, what he believes lies ahead for the hospitality industry.

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Investment Update: Hotels, Restaurants and New Hotel Projects

Investment Update: Hotels, Restaurants and New Hotel Projects

It’s been a tough time for investors. Abdul Kader Saadi, managing director and owner of Glee Hospitality Solutions, talks about the challenges facing new projects and those signed pre COVID-19.

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‘AHIC on the Road’ to take place virtually and onsite

‘AHIC on the Road’ to take place virtually and onsite

Attendees will be able to create their personalized schedules, choosing the sessions and activities they would like to attend either virtually or on- site.

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The region to kick-start sustainable investment in the hospitality sector

The region to kick-start sustainable investment in the hospitality sector

ATM Virtual concluded on Wednesday 3rd June 2020, a total of 18,959 registrations from 152 countries were recorded, including 490 media

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Qatari investor acquires The Ritz London

Qatari investor acquires The Ritz London

The hotel will remain closed due to the Covid-19 pandemic, and will reopen its doors as soon as it is safe.

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Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur

Chinese Huazhu Group buys German Steigenberger hotels from Egyptian entrepreneur

Egyptian tourism entrepreneur Hamed El Chiaty’s Travco Travel has bought the group from the Steigenberger family in 2009.

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