Wealth Holding has signed a strategic partnership with Retaj International Hotels & Hospitality to operate and manage the Jeval Business Complex in the New Administrative Capital. The agreement was signed by Sohair Koriem, Chairperson of Wealth Holding, and Sheikh Nayef Bin Eid Al Thani, Chairperson of Retaj Group.
Located in the New Capital’s Downtown area, the Jeval Business Complex spans 3,600 sqm and comprises 12 floors, featuring commercial spaces, administrative offices, and hotel apartments. Under the partnership, Retaj will oversee the management of branded apartments, retail outlets, and office components, bringing a hospitality-driven approach to the mixed-use project.
Koriem said the development reflects a growing trend in combining real estate with hotel services, aiming to attract both domestic and international investors. She emphasised that the collaboration aligns with rising demand for integrated investment models in Egypt’s evolving property market.
For his part, Sheikh Nayef Bin Eid Al Thani highlighted Egypt’s growing role as a regional hub for real estate and tourism investment, adding that the New Administrative Capital offers a strategic platform for such ventures. He confirmed that Retaj will implement international hospitality management standards to ensure efficiency across the project.
Wealth Holding brings more than 23 years of experience in real estate, with a portfolio including Garden Hills October, Al Safwa Hospital, Olympic City on Al Sokhna Road, and the redevelopment of New Ismailia City. Internationally, the company has contributed to projects such as the Rixos Ras Al Khaimah Hotel, hotel towers in Dubai, and Nur-Mubarak Educational University in Kazakhstan.
The partnership combines Wealth Holding’s development expertise with Retaj’s operational capabilities, positioning the Jeval Business Complex as a distinctive investment offering that integrates residential, commercial, and hospitality services.
