Investments & Funding

Further, there are thirteen wellness spaces, and six treatment rooms encompass cryotherapy, flotation, red-light therapies, a traditional hammam and a sensory suite.

Tangier was chosen for its status as a growing economic hub, with future openings already planned in Casablanca and Rabat as the company positions Morocco as a strategic platform for continental expansion.

The project alone is expected to generate annual revenues of OMR 1.26 million (US$3.3 million), create 309 jobs, and unlock 32 investment opportunities in tourism and services.

Africa currently accounts for an estimated 3% of the global business events market, though industry leaders believe this share could grow significantly with improved connectivity and infrastructure investment.

TGE aims to open four to five properties under The Art Newspaper Hotel brand within the next five years, with some featuring exclusive private clubs and premium dining experiences.

The pipeline growth significantly outpaced other global regions, with Africa’s 12.2% same-store increase compared favourably to global averages.

The outdoor performance venue accommodating up to 5,000 people represents a significant differentiator in East Africa’s hospitality landscape.

The two agencies will collaborate closely to shore up Burger King’s challenger positioning in an increasingly combative QSR landscape where category pressures around pricing continue mounting.

In addition, upgrade plans extend to Luxor International Airport, Borg El Arab in Alexandria, and El Alamein International Airport, alongside construction of a new passenger terminal at Capital International Airport and establishing international airports in Saint Catherine and Arish.

The property also debuted five standalone 2,336-square-foot villas named after Hill Country rivers, each featuring four bedrooms, fully equipped kitchens and outdoor patios.