Latest news with #AhmedEmbaby
Daily News Egypt
a day ago
- Business
- Daily News Egypt
Mercon Developments partners with Gewan Hotels to deliver luxury living at Riverton project
Mercon Developments has signed a cooperation agreement with Gewan Hotels and Resorts to deliver a fully integrated residential and hospitality experience within the Riverton project in New Cairo. Under the agreement, Gewan will operate and manage the hotel units within the development, which is being implemented in partnership with Kuwait's Al Tamayoz Company. Spanning more than 25 feddans in the Fifth Settlement, the Riverton project will feature 120 serviced units alongside a range of upscale facilities, including restaurants, meeting rooms, a spa, swimming pool, and gym — all designed to meet international hospitality standards. Commenting on the partnership, Mercon Developments Chairperson Ahmed Embaby said: 'We are confident that this collaboration with Gewan will bring a new dimension to the concept of luxury living and enhance investment returns for property owners, especially given the project's prime location opposite the American University.' Gewan Hotels and Resorts CEO Ahmed Haseeb emphasised that the company offers luxury hotel services coupled with professional leasing solutions designed to maximise both convenience and returns for clients. The partnership marks Gewan's official entry into the Egyptian market, following its successful track record in the United Arab Emirates, where it recently announced the launch of more than 1,000 hotel units across five prime destinations in New Alamein City and Cairo. Gewan Hotels and Resorts' current portfolio includes the Gewan Cairo Hotel, with 365 units and a fully integrated business hub; the Gewan Resort in New Alamein City, comprising 425 units and a water park considered one of the city's finest; the Gewan White Beach Hotel, featuring 329 units, four swimming pools, and direct access to a pristine sandy beach; and the Gewan Palace Hotel, offering 86 luxury units. The group is also preparing to launch one of its most exclusive properties next year — the Gewan Luxury Hotel in New Alamein City. The Riverton project itself will offer a mix of premium residential villas and hotel units, with total investments estimated at EGP 20bn. Mercon Developments currently has five projects across New Cairo, including four mixed-use commercial and residential developments: Pavo, G7, Nurai Walk, and Nurai. One of its flagship projects, G7, is located in the Fifth Settlement and offers administrative and medical units along North Teseen Street. Beyond Egypt, Mercon is actively engaged in several strategic partnerships across Arab markets, particularly in Kuwait and the UAE.
The National
25-02-2025
- Business
- The National
IMI appoints new chief people officer to boost group talent strategy
Business Ahmed Embaby has more than three decades of experience at global companies in the Middle East, South Africa and Turkey Abu Dhabi-based International Media Investments has appointed Ahmed Embaby as its new chief people officer, boosting the group's talent strategies and organisational effectiveness. Mr Embaby brings more than three decades of experience across global companies including Pfizer, PepsiCo and Oracle, in multicultural environments spanning the Middle East, South Africa and Turkey. In those roles, he designed and implemented leadership assessment processes, restructured executive roles and spearheaded human capital integrations during major acquisitions – boosting operational efficiency and elevating employee experiences. At IMI, Mr Embaby will oversee the human capital strategy across its portfolio of media brands, including Sky News Arabia, The National, Al Ain News and CNN Business Arabic. IMI is a privately owned, global media group headquartered in Abu Dhabi, with operations across 19 countries. Through RedBird IMI, its joint venture with RedBird Capital Partners, IMI invests in leading media, sports and entertainment brands globally. 'Ahmed's appointment highlights our commitment to cultivating a high-performing culture by attracting and developing best-in-class talent,' said IMI chief executive Rani Raad. 'He will lead strategic initiatives to enhance talent acquisition, employee engagement and organisational development, ensuring our workforce remains a key driver of our industry leadership.' Mr Embaby holds a bachelor's degree in management information system from USI University Europe – England, and has completed executive leadership programmes at the University of Michigan's Stephen M Ross School of Business and IESE Business School, as well as certifications in leadership and human development. 'I look forward to collaborating with the group's talented team to strengthen capabilities, foster operational excellence and create a work environment that encourages innovation, all in line with the group's vision and ambitious goals for the future,' Mr Embaby said.
