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.
