ADQ, ADNEC Group sign definitive agreements over hospitality business in Egypt webindia123.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from webindia123.com Daily Mail and Mail on Sunday newspapers.
Abu Dhabi group ADQ has joined hands with Adnec to acquire a strategic 40.5% stake in Icon Group, the hospitality arm of Egypt-based Talaat Moustafa Group through a capital increase. The Icon owns 3 Four Season properties as well as a Kempinski hotel.