AFRICAN & MIDDLE EAST NEWS

The alliance is a cornerstone of Four Seasons’ footprint expansion in Egypt, also encompassing the under-development Four Seasons Hotel Luxor and other luxury resorts on Egypt’s North Coast.

The ACI pilot received positive feedback from stakeholders, demonstrating progress toward automating procedures and cutting commercial aviation costs.

Wasl Group’s new flagship development will feature a luxurious five-star hotel and branded residences, blending architectural excellence with elevated lifestyle experiences.

This expansion enhances brand presence with an additional 9,049 rooms planned by 2026, bringing total keys to over 30,000.

Net profit attributable to shareholders increased 15.3% to US$135.4 million, maintaining a solid 7.4% margin despite a US$11.3 million tax impact in key markets in 2025.

These performance trends sustain optimism for continued sector expansion and diversified investment opportunities.

The new leadership combines deep local insights with international brand-building expertise.

Consolidated net revenues for the fiscal third quarter reached US$9.6 billion, representing a 5% increase year-over-year.

Scheduled to open in October 2028, the property will offer premium amenities including a restaurant and bar, meeting rooms, a swimming pool, and fitness centre.

The initiative supports Egypt’s broader vision of achieving balanced economic growth by prioritizing tourism and hospitality sectors, which are pivotal in job creation, foreign currency inflows, and ancillary industries’ development.