IHG to debut Hotel Indigo with four properties in Egypt

The signing ceremony was attended by Dr. Mostafa Madbouly, prime minister of Egypt, and Dr. Assem El-Gazzar, minister of housing and development.
Short Url
Updated 27 July 2021
Follow

IHG to debut Hotel Indigo with four properties in Egypt

Global hotel company IHG Hotels and Resorts is expanding its presence in Egypt with four new Hotel Indigo branded properties. As part of a management agreement signed with real estate specialists Mountain View, IHG will introduce the world’s first globally branded boutique hotel brand, Hotel Indigo, to Egypt with Hotel Indigo Mountain View North Coast, Hotel Indigo Mountain View iCity New Cairo, Hotel Indigo Mountain View iCity 6th of October City and Hotel Indigo Mountain View Ain El-Sokhna. The signing ceremony was held in the presence of Dr. Mostafa Madbouly, prime minister of Egypt, and Dr. Assem El-Gazzar, minister of housing and development.

The four new hotels will cater to a broad range of travelers as leisure and business tourism rapidly rebounds across the country. 

Haitham Mattar, managing director, India, Middle East and Africa, IHG said: “Egypt is one of the most dynamic tourism markets in the region with a great vision for the future of leisure and business travel. We have a longstanding legacy in the country and are proud to continue to support the development of its hospitality sector through the introduction of our boutique and lifestyle brand, Hotel Indigo.”

Amr Soliman, Mountain View chairman, said: “With their innate understanding of local cultures, high standards of service and impeccable attention to detail, IHG is the ideal partner to build our hospitality offerings and take it to the next level.” 

Set in one of Egypt’s most exclusive cities, the Hotel Indigo Mountain View North Coast will offer views of the Mediterranean Sea as well as high-end retail and dining once doors open in July 2024. The hotel will feature 100 design-led rooms, a spa, health club, pool and 165 square meters of meetings and events space. 

Meanwhile, the 200-key Hotel Indigo Mountain View iCity New Cairo will cater to a business clientele with its location in the Fifth Settlement.  

Hotel Indigo Mountain View iCity 6th of October City, set to open in January 2028, will be an urban escape in the Giza Governorate, 32 km outside the city of Cairo. The hotel will offer 200 rooms. 

A short drive from the buzz of Cairo, Hotel Indigo Mountain View Ain El-Sokhna, offers the best of both worlds with its setting amidst mountains and sandy beaches. A haven for trekking, fishing, diving and skating, the new property will offer hotel guests a tranquil atmosphere in addition to 150 rooms, meeting and events space and F and B options, starting January 2028.


Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Updated 19 February 2026
Follow

Sulaiman Al-Rajhi Endowment projects worth SR8bn launched in Makkah

Sulaiman Al-Rajhi Real Estate Company has announced the launch of several real estate projects belonging to the Sulaiman Al-Rajhi Endowment system in Makkah, with a total investment exceeding SR8 billion ($2.1 billion). These projects include commercial, residential, and hospitality developments, as well as strategic land plots, as part of the company’s commitment to supporting the Kingdom’s real estate sector and enhancing the quality of life in the holy city.

The announcement was made during a field tour by a delegation of high-level officials including Saleh Al-Rasheed, CEO of the Royal Commission for Makkah City and Holy Sites; Ihsan Bafakih, chairman of the board of directors of Sulaiman bin Abdulaziz Al-Rajhi Holding Company; Haitham Al-Fayez, chairman of Sulaiman Al-Rajhi Real Estate Company and CEO of Sulaiman Al-Rajhi Holding Company; Moath Al-Mukhudub, managing director and CEO of Sulaiman Al-Rajhi Real Estate Company; and Anas Mansour Abadi, CEO of real estate at Sulaiman Al-Rajhi Holding Company and representative of the Sulaiman Al-Rajhi Endowment, alongside members of the board of directors of both the holding and real estate companies and the executive team.

The tour included the launch of the Tilal Towers project, with an investment value of SR2 billion, featuring more than 2,500 hotel rooms, strengthening the hospitality sector in Makkah.

The delegation also visited the Tilal Village project, valued at SR2.8 billion. It is one of the prominent qualitative projects within the hospitality ecosystem in Makkah.

Furthermore, the visit covered the residential buildings within Tilal Village, comprising 828 units, with an investment of SR800 million. The delegation inspected the specialized hospital, medical complex housing, and the office and commercial plazas.

During the tour, a contract was signed for the Al-Rajhi Center project, valued at SR250 million, as part of a comprehensive rehabilitation plan.

The inspection also included the Al-Ukayshiyyah land, spanning 4 million square meters, and the Al-Ghazzawi project land, valued at SR250 million.

The tour concluded with prayers at the Aisha Al-Rajhi Mosque, the second-largest mosque in Makkah after the Grand Mosque, with a capacity for 50,000 worshippers.

This visit underscores the importance of these investments, which represent a clear direction toward enhancing the management of the endowment’s assets through diversification, redevelopment, and strategic expansion, in line with the development goals of the Makkah city and Saudi Vision 2030.

Sulaiman Al-Rajhi Real Estate, a subsidiary of Sulaiman bin Abdulaziz Al-Rajhi Holding Company, continues to provide innovative solutions to elevate the real estate sector to international standards.