Adeer International, partners target $2bn in hospitality investments in Egypt

AI Summary

Adeer International has formed an alliance with Hassan Allam, MIDAR, and Sumou Investment to develop hospitality projects in Egypt. The partners plan to invest approximately $2 billion as part of Adeer's wider expansion in the country.

Adeer International, the global investment arm of Saudi Arabia’s Sumou Holding Group, has formed a strategic alliance with Hassan Allam, MIDAR for Investment and Urban Development, and Sumou Investment to develop hospitality projects in Egypt, with planned investments of approximately $2bn. The alliance is part of Adeer International’s broader expansion strategy in Egypt, as the […]