Aldar-backed SODIC expands in Egypt, to add Nobu hotels, residences

Aldar-backed SODIC expands in Egypt, to add Nobu hotels, residences

Image: SODIC

Aldar Properties’ Egyptian real estate platform, SODIC, has announced plans for a comprehensive expansion of the Nobu brand in Egypt.

The expansion will result in the development of two luxury hotels, branded residences, and the acclaimed Nobu restaurant across two of SODIC’s developments in Egypt.

Talal Al Dhiyebi, group CEO of Aldar Properties and chairman of SODIC, said: “The expansion of SODIC’s luxury property development portfolio underscores the demand for new real estate concepts in prime locations in Egypt and Aldar’s belief in the long term growth potential of the market.

“We are confident that these developments will not only solidify SODIC’s market-leading position, but also cater to the increasing demand for distinctive and high-end properties we are witnessing across the growing West Cairo and North Coast markets.”

The agreement builds on Aldar’s recently announced partnership with Nobu to bring a luxury hotel, branded residences and restaurant to Mamsha Beach on Saadiyat Island.

Highlights: The Nobu Hotel and Residences Cairo in Egypt

The Nobu Hotel and Residences Cairo, nestled in SODIC’s signature development in New Zayed – West Cairo’s highly sought after neighbourhood – will comprise single-family residences and exclusive apartments and form an integral part of “The Estates Residences.”

Guests and residents will enjoy