A major new Saudi-Swiss partnership has been launched in Riyadh to revolutionise hospitality and tourism education in the Kingdom. It is led by Tanmeya Capital, which manages the SAR600 million Tanmeya Hospitality & Tourism Fund. Tanmeya Capital is partnering with Sommet Education, the parent company of Les Roches, École Ducasse, and Glion Institute of Higher Education. The goal is to train Saudi and international talent to the highest global standards, meeting the growing demands of the national tourism sector.
Imtiaz Developments has commissioned the globally recognised Zaha Hadid Architects (ZHA) to design its upcoming ultra-luxury mixed-use project in Dubai's prestigious Meydan district. The AED 1 billion development, which will feature residences, offices, and high-end retail, is scheduled for launch on November 18th at CocaCola Arena. The partnership signifies a major milestone in Imtiaz’s strategic expansion into Dubai’s most exclusive areas, following the announcement of an AED 3 billion portfolio in Meydan.
Town Writers, a leading Egyptian property developer, has formed a strategic alliance with Attaby for Construction and Industry, a major subsidiary of Attaby Holding, to enhance its ability to deliver projects effectively. This collaboration will see Town Writers inject construction investments worth EGP 5.1 billion over the next two years. The Notion residential project in New Cairo is listed as one of the first developments under this new strong engineering alliance.
RMS, a leading hospitality technology platform, has announced a new integration with cloud-based point-of-sale provider Epos Now. The partnership aims to enhance operational efficiency by connecting front-of-house transactions with RMS’s property management system. This integration syncs guest billing and POS transactions in real time, reducing manual data entry errors and speeding up reconciliation. The collaboration is expected to enable faster check-outs and improve cross-departmental coordination, supporting a seamless guest journey and new upsell opportunities. This partnership adds to RMS’s growing ecosystem of smart integrations.
First Abu Dhabi Bank (FAB) has partnered with the Abu Dhabi Real Estate Centre (ADREC) to deliver a fully digital mortgage service that simplifies home loans and supports the UAE’s sustainability goals. The partnership will allow customers to access verified property data and mortgage validation in real time, significantly improving the speed and convenience of the homeownership process.
Blackstone is reportedly close to a £1bn deal to sell logistics assets to Tritax Big Box REIT, just weeks after the two competed in a bidding war for Warehouse REIT. The agreement could see Blackstone take an equity stake in Tritax Big Box.
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