Doha, Qatar, November 17, 2021: Al Rayyan Tourism Investment Company (ARTIC), one of the world's leading hotel investment companies and fully owned by Al Faisal Holding Group, announces that it has signed an agreement with Marriott International to rebrand the residential developments of the Al Jazi Egypt project. The Ritz-Carlton Residences will be transformed from the JW Marriott Residences New Cairo, Al Jazi Gardens and the Marriott Residences will become JW Marriott Residences New Cairo, Al Jazi First as both projects have been re-concepted and elevated. The rebranding reflects the superior quality of these developments, offering the highest standards of residential real estate.

The Al Jazi Egypt project located in the center of New Cairo city and is a mixed-use development featuring a distinctively designed commercial mall “Al Jazi First Mall”, a modern office building “Chess field Al Jazi”, a Marriott Moxy Hotel, and two residential developments - "The Ritz-Carlton Residences, New Cairo, Al Jazi Gardens" and "JW Marriott Residences New Cairo, Al Jazi Gardens". These will be the first two residential developments representing those hotel brands in Egypt. The Al Jazi Egypt project has been fully completed and all the units in the “JW Marriott Residences New Cairo, Al Jazi Gardens” development have been sold. The “Ritz-Carlton Residences New Cairo, Al Jazi Gardens” project is 95% completed.

The agreement was signed during a dinner hosted by ARTIC at the Sheikh Faisal Bin Qassim Al Thani Museum to mark the visit of the CEO of Marriott International, Mr. Anthony Capuano, to Qatar.  The dinner was also attended by members of the Board of Directors of ARTIC and a number of representatives of Marriott International.

H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of ARTIC, commented: “It gives me great pleasure to witness the signing of this agreement which will bring added value and enhance our long-term relationship with Marriott International. We always strive to diversify our investment portfolio, especially in global residential real estate which has seen increased demand recently. This enables us to work with the largest operating brands around the world, such as Marriott. The number of units owned by ARTIC and managed by Marriott International is 5,500 units, and we look forward to increasing this number to 7,500 soon, God willing. There are also additional projects in the pipeline that will be announced in the near future.”

ARTIC hotel properties in Qatar that are operated by Marriott International include:

1. JW Marriott Marquis City Center Doha
2. Marriott Marquis City Center Doha
3. Le Meridien Doha Hotel
4. Delta Hotels Marriott City Center
5. Marriott Executive Apartments City Center Doha
6. Element City Center Doha Hotel
7. Element West Bay Hotel
8. Al Samriya Autograph Collection Hotel

Mr. Tarek El-Sayed, CEO and Managing Director of ARTIC, added: "The signing of this agreement with Marriott International adds significant value to our investment portfolio. I would like to invite everyone to visit the development to explore and enjoy what this unique experience offers. The development contains 1,200 residential units divided into five complexes, each with its own facilities, including swimming pools, restaurants and gyms, in addition to a state-of-the-art club house. The branded residential developments combine elegant interior design, luxurious finishes, the highest standards of hospitality, luxury and comfort, with all the convenience and service of a hotel. A number of similar projects in different cities will be announced soon, to meet the growing demands of the lobal real estate market."

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Al Rayyan Tourism Investment Company (“ARTIC”)

Arwa Goussous,

Corporate Communications Manager

Arwa.goussous@artic.com.qa

(mobile # +974 5513 9539)

Laura Ackel

Marketing and Corporate Communications Officer

pr@artic.com.qa

(mobile # +974 6671 6576)

Disclaimer:

The Ritz Carlton Residences New Cairo, Al Jazi Gardens and JW Marriott Residences New Cairo, Al Jazi First are not owned, developed or sold by Marriott International, Inc. or any of its affiliates. Gulf Building and Construction uses the Ritz Carlton marks and JW Marriott marks under a license from an affiliate of Marriott International, Inc.

offering the highest standards of residential real estate

About Al Rayyan Tourism Investment Company (ARTIC)

Established in 2003, Al Rayyan Tourism and Investment Company (ARTIC), is a wholly owned subsidiary of Al Faisal Holding, based in Qatar.  ARTIC is engaged in real estate development, acquisition and leasing with a primary focus on the hospitality sector and hospitality-related services, in both emerging and developed markets targeting metropolitan destinations exhibiting long-term growth potential

ARTIC’s current portfolio comprises over 35 hotels and projects in the Middle East and Africa, Europe, and North America.  In addition to its hotel portfolio in prime cities around the world, ARTIC owns hospitality-related services providing cost-effective support services in a shared service mode

Visit: www.artic.com.qa 
Facebook page: www.facebook.com/ARTICQA 
Instagram: artic_qa
Linked-In: www.linkedin.com/company/al-rayyan-tourism-investment-company

Disclaimer: The Ritz Carlton Residences New Cairo, Al Jazi Gardens and JW Marriott Residences New Cairo, Al Jazi First are not owned, developed or sold by Marriott International, Inc. or any of its affiliates. Gulf Building and Construction uses the Ritz Carlton marks and JW Marriott marks under a license from an affiliate of Marriott International, Inc.