Latest news with #SumouInvestment
Zawya
12-05-2025
- Business
- Zawya
Sumou Investment and Abu Dhabi Capital announces a major strategic MoU to drive regional investment
Riyadh, KSA — In a significant move announced during the Future Hospitality Summit in Riyadh, Sumou Investment and Abu Dhabi Capital Group announced a major Memorandum of Understanding (MOU) aimed at strengthening regional cooperation in investment and development. The agreement marks the beginning of a strategic partnership designed to unlock high-impact opportunities across key sectors, including hospitality, real estate, and infrastructure. This collaboration reflects a shared commitment to sustainable growth and economic diversification, aligning with long-term strategic visions in both Saudi Arabia and the UAE. Both parties view this MOU as a pivotal step toward launching transformative projects that will enhance value creation and drive investment momentum across the Region. As part of the wider Abu Dhabi Capital Group ecosystem, STORY Hospitality — the Group's hospitality arm — is expected to play a supporting role in hospitality-related initiatives arising from the partnership. About STORY Hospitality STORY Hospitality is redefining what it means to stay, feel, and experience. Headquartered in Abu Dhabi, this fast-growing international hotel management company is on a mission to turn every guest journey into a story worth sharing. With a thoughtfully curated portfolio spanning luxury escapes and vibrant city stays, STORY Hospitality blends world-class service with bold design and a deep sense of place. As the hospitality arm of Abu Dhabi Capital Group (ADCG) - one of the most prestigious institutional investment funds in the Middle East - STORY Hospitality is rooted in excellence and driven by ambition. Its collection includes the elevated elegance of STORY Hotels & Resorts and the urban edge of CUE Hotels, each offering a distinct approach to modern travel. From the turquoise shores of the Seychelles to the cultural heart of Morocco and the buzzing energy of the UAE, STORY's properties are designed to ignite the senses and inspire connection. With a strong development pipeline, including upcoming openings in Morocco, Saudi Arabia, the UAE and Bahrain, the company is expanding its reach across the MENA region and beyond. Whether it's a barefoot island retreat or a design-forward city stay, STORY Hospitality is committed to growing its presence through immersive experiences and strategic innovation. Beyond hotels, the company also manages a portfolio of commercial and residential assets, including offices, retail spaces, and apartments in Dubai and Abu Dhabi - offering a holistic vision of modern hospitality and lifestyle management. At its core, STORY Hospitality exists to create moments of meaning. Its vision: to become the most inspiring brand in hospitality for guests, team members, and stakeholders alike. Its purpose: to deliver transformative stays that delight all the senses - and leave a lasting impression. As its global footprint grows, so too does its promise: thoughtful service, distinctive design, and experiences that go beyond the expected. Discover more at For further information, please contact: Ananda Shakespeare Shakespeare Communications ananda@
Argaam
05-02-2025
- Business
- Argaam
SEDCO Capital, Sumou Investment sign agreement to set up 5 real estate funds worth over SAR 8B
SEDCO Capital, a leading global asset management and Shariah-compliant investment solutions provider, announced signing an agreement with Sumou Investment to establish five private real estate investment funds, with a total value exceeding SAR 8 billion. According to a company statement, the funds' strategy includes a diverse range of projects, such as infrastructure development, mixed-use tower construction, and multi-purpose real estate developments. These investment projects will be distributed across key cities in the Kingdom of Saudi Arabia, including Riyadh, Jeddah, Makkah, and Madinah. SEDCO Capital reaffirmed its commitment to expanding its real estate investment strategy, focusing on meeting the needs of investors seeking innovative and sustainable opportunities. Acting CEO of SEDCO Capital, Abdulwahab Abed, said: "Through this agreement, we maintain our strategic vision of providing innovative, Shariah-compliant investment solutions that align with our investors' aspirations. This step reinforces SEDCO Capital's position as a trusted investment partner, keeping pace with the rapid developments in the Saudi real estate investment sector, in line with Vision 2030." Meanwhile, CEO of Sumou Investment, Abdulrahman Al-Qahtani, commented: "We are proud to sign this agreement, which builds on Smw Investment's strategic growth. We remain committed to developing value-added real estate projects that create integrated residential and commercial communities, catering to the kingdom of Saudi Arabia growing market needs." The agreement embodies SEDCO Capital and Sumou Investment's commitment to enhancing the kingdom of Saudi Arabia real estate investment sector through innovative and sustainable projects that support Vision 2030. With a diversified project portfolio across major cities, this partnership reflects a joint vision that aims to add value to the national economy while meeting investor and growing market aspirations.
