FurtherAI Appoints Tom Bradley to Lead UK and EU Expansion

 (BUSINESS WIRE)--FurtherAI, the AI platform purpose-built for insurance, today announced the appointment of Tom Bradley to lead its UK and EU operations. This marks a significant step in FurtherAI's international expansion, as the company moves to establish a local presence in one of the world's most important insurance markets.

FurtherAI is already working with leading partners in the UK, and Tom's appointment will allow the company to deepen those relationships, build a local team, and serve the rapidly growing demand from carriers, MGAs, and brokers across the Lloyd's market and the wider region.

A market moving fast on AI

The Lloyd's market and the broader UK and European insurance ecosystem are adopting AI at a pace few would have predicted even twelve months ago. From submission gateways to policy audits to claims, operators across the value chain are looking for AI that handles the realities of insurance work: messy broker submissions, slip variations, bespoke wordings, and the workflows that sit between core systems.

FurtherAI's platform is already powering this shift across the US, working with carriers and MGAs including Accelerant, Upland, and Novacore. The company partners with 3 of the top 5 brokers and 4 of the top 10 carriers in the US market. With Tom on board, FurtherAI is positioned to bring that same depth to UK and EU operators.

About Tom Bradley

Tom joins FurtherAI from Azur Technology, where he led US commercial operations and helped MGAs and carriers navigate technology transformation. Earlier in his career, he supported the launch of multiple MGAs across the US and UK, building deep relationships across the global specialty insurance market. He is known in the program business community for his judgement and his track record of delivering for the operators he works with.

He now returns to London to build and lead FurtherAI's expansion across the UK and EU.

A quote from Aman Gour, Co-founder and CEO of FurtherAI

“Tom has spent his career helping insurance businesses actually use technology to grow, and he knows this market on both sides of the Atlantic. There is no one I would rather have leading our UK and EU expansion. I have known him for over a year, and the timing of his move back to London was almost too good to be true.”

A quote from Tom Bradley

"The London Market and the broader UK/EU space is moving fast on AI, and in an increasingly global insurance landscape where carriers, MGAs, and brokers operate across the US and Europe, the timing is right and there is a real need for a sustainable solution. I am looking forward to bringing FurtherAI's platform and reputation to these markets, while staying closely connected to the partnerships we have built in the US.

Aman and I have known each other for a while, and we quickly found we are kindred spirits, sharing a passion for this industry, its relationship-driven culture, and the complexity that makes P&C insurance unlike anything else. That connection made joining FurtherAI feel like a natural next step.

What drew me to FurtherAI is their exclusive focus on insurance, and a track record of genuine dedication to getting it right. The culture Aman and Sashank have built is one I want to be part of, and my focus will be on bringing that same partnership-first approach to carriers, MGAs, and brokers across the UK and Europe."

About FurtherAI

FurtherAI is the AI platform for insurance. Backed by Andreessen Horowitz and Y Combinator, the company recently closed a $25M Series A and works with 25+ enterprise clients across carriers, MGAs, and brokers, including 3 of the top 5 brokers and 4 of the top 10 carriers. FurtherAI's platform powers submissions processing, underwriting and policy audits, SOV mapping, claims processing, and guideline checking. The company is headquartered in San Francisco and is now expanding into the UK and EU.

For more information, visit [furtherai.com].

 

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Media contact: Ellen, ellen@furtherai.com

 

Moore Nanotechnology Systems (Nanotech) Will Be Acquired by Shibaura Machine Group to Form a New Ultra-Precision Machine Tool Organization

NEW YORK - Tuesday, 19. May 2026

(BUSINESS WIRE)--MOORE NANOTECHNOLOGY SYSTEMS (“Nanotech”), today announced that it is being acquired by an affiliate of SHIBAURA MACHINE CO., LTD., an industrial machine-tool manufacturer headquartered in Japan.

Founded nearly 30 years ago by Len Chaloux and Newman Marsilius III as a standalone subsidiary of the Moore Tool Company, Inc., Nanotech has become a global leader in the design, development and manufacture of state-of-the-art ultra-precision machine tools and associated processes for the production of advanced optical and reflective components.

“As the world’s markets continue to develop, finding the right strategic partnerships is essential,” said Mark Boomgarden, President and CEO of Nanotech. “Partnering with Shibaura allows us to combine the true competencies of both organizations under one management team - affording both companies the ability to scale resources and invest on a global stage like never before.”

Co-owner Newman Marsilius IV shared, “Moore Nanotechnology Systems grew to a point where partnering with an industry leader, like Shibaura, was strategically aligned with our board’s vision. This was a purposeful decision to secure the long-term success and legacy of what we have all built together over the last 3-decades.” Newman continued, “Through our combined resources, Nanotech will continue to accelerate its next round of technology and product development, serving our many customers around the world.”

Shibaura Machine is a publicly-traded company based in Japan. As a well-known and respected leader in the precision-technology space, they have a deep commitment to culture, innovation and quality. Sakamoto Shigetomo, President of Shibaura Machine, shared “The acquisition of Nanotech will create a more competitive company in the global ultra-precision industry. This is about combining the complementary strengths of our core businesses to provide cutting-edge products and technologies to our customers.” By joining Shibaura, Nanotech gains access to greater resources, scale and long-term investments to accelerate its growth - reaching more customers and creating new opportunities for its employees.

The transaction is expected to close within a few months, subject to receipt of regulatory approvals and satisfaction of certain other conditions.

Houlihan Lokey served as the exclusive financial advisor and DLA Piper served as legal counsel to Nanotech. TrueNorth Capital Partners served as exclusive financial advisor and Covington & Burling and Anderson Mori & Tomotsune as legal counsel to Shibaura. Other terms of the transaction were not disclosed.

About Shibaura Machine Group

SHIBAURA MACHINE CO., LTD. is an industrial machine manufacturer founded in 1938 as a machine tool manufacturer. They have continued to provide a wide variety of products in response to the changing eras, and is currently developing its business in 3 segments, with molding machines as its mainstay. Metal & Plastics Industrial Machine business unit has injection molding machines, die casting machines, and extrusion machines; Machine Tools business unit has machine tools and high-precision machine tools; and Control Systems business unit has engineering solutions, industrial robots and electronic control systems.

About Moore Nanotechnology Systems

Moore Nanotechnology Systems was founded in Keene, NH in 1997 as a stand-alone subsidiary of the Moore Tool Company. They are a global leader in the design, development and manufacture of state-of-the-art ultra-precision machine tools and associated processes (single point diamond turning, micro-milling, micro-grinding and glass press molding) for the production of advanced optical components in consumer electronics, defense, aerospace, lighting, medical and automotive sectors. They maintain an installed base of over 1,000 ultra-precision machining systems in more than 30 countries around the world.

 

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First Guests Arrive at Four Seasons Resort and Residences Red Sea at Shura Island from 20 May, as Red Sea Global Launches First JV Resort

RIYADH, Saudi Arabia - Tuesday, 19. May 2026 AETOSWire  

RSG and Kingdom Holding Company bring first joint venture-developed resort at The Red Sea to market

 

(BUSINESS WIRE)--Red Sea Global (RSG), the regenerative tourism developer, has reached a major milestone as Four Seasons Resort and Residences Red Sea at Shura Island welcomes first guests from 20 May, marking the first joint venture-developed resort within its portfolio to enter the market.

Developed in partnership with Kingdom Holding Company (KHC), the launch represents a shared milestone for both organizations and marks a new phase in RSG’s development model, highlighting the growing role of institutional and private sector partnerships in scaling Saudi Arabia’s luxury tourism sector.

“With Four Seasons preparing to welcome guests, we are significantly scaling the capacity and offering of The Red Sea destination in time for one of the busiest travel periods in our calendar,” said John Pagano, Group CEO at Red Sea Global.

“Launching reservations for the first joint venture-developed resort in our portfolio is also an important commercial milestone for RSG, demonstrating the value of strategic partnerships, the strength of our investment proposition and reflecting growing market confidence in Saudi Arabia’s tourism sector.”

The SAR 2.6 billion resort was developed through a 50-50 joint venture between RSG and KHC, with SAR 2 billion ($522 million) debt financing provided by Riyad Bank.

Sarmad Zok, CEO at Kingdom Hotel Investments, a subsidiary of KHC, said: “Kingdom Holding Company’s investment in Four Seasons Resort and Residences Red Sea at Shura Island reflects our continued commitment to deploying long-term capital into hospitality and tourism assets in alignment with Saudi Vision 2030. Alongside Red Sea Global, this landmark development demonstrates the strength of the destination proposition and the growing international appeal of Saudi Arabia’s luxury tourism market.”

Greg Djerejian, Group Head of Investments and Group Chief Legal Officer at Red Sea Global, added: “The successful delivery of this resort sends a strong signal to the market about the quality of opportunities emerging across RSG’s portfolio and our ability to convert investor interest into operating assets, while reinforcing our reputation as a developer that delivers.”

Four Seasons Resort and Residences Red Sea at Shura Island presents a serene sanctuary at the secluded eastern tip of the island, blending regenerative luxury, anticipatory service, and experiences for the entire family. The resort is surrounded by crystal-clear waters on three sides and features 149 accommodations and 31 Resort Residences that open fully to the outdoors. Guests can enjoy a selection of dining options ranging from all day dining and plant forward specialties at Sea Green, Levantine cuisine at Al Forn, to al fresco Italian fare at Spiaggia Restaurant and Pool. For adventure seekers, a variety of water sports await, while younger guests can enjoy curated children’s and teens’ programs.

The resort operates in line with RSG’s regenerative tourism principles, powered entirely by renewable energy and supported by advanced water and waste management systems designed to minimize environmental impact while contributing to long-term conservation goals.

The achievement comes as RSG expands hospitality and flight capacity at The Red Sea following occupancy levels reaching 82% during the final 10 days of Ramadan, with demand expected to accelerate further ahead of Eid Al-Adha. To support increased demand, RSG is adding 32 additional flights to Red Sea International Airport (RSI) during the holiday period.

The Red Sea currently has 11 hotels open, with six additional resorts scheduled to open on Shura Island in the coming months.

About Red Sea Global

Red Sea Global (RSG - www.redseaglobal.com) is a vertically integrated real estate developer with a diverse portfolio across tourism, residential, experiences, infrastructure, transport, healthcare, and services. This includes the luxury regenerative tourism destinations The Red Sea, which began welcoming guests in 2023, and AMAALA, which remains on track to welcome first guests this year.

A third destination, Thuwal Private Retreat opened in 2024. RSG has also been entrusted with refurbishment works at Al Wajh Airport, focused on upgrading the existing terminal and infrastructure, and building a new international terminal.

RSG is a PIF company and a cornerstone of Saudi Arabia’s ambition to diversify its economy. Across its growing portfolio of destinations, subsidiaries, and businesses, RSG seeks to lead the world towards a more sustainable future, showing how responsible development can uplift communities, drive economies, and enhance the environment.

About The Red Sea

The Red Sea is a pioneering destination on Saudi Arabia’s west coast, inviting guests to experience a place of extraordinary natural beauty across more than 28,000 km² and an archipelago of 90+ pristine islands framed by desert and mountains. Open since 2023, The Red Sea welcomes guests to a growing collection of world-class resorts operated by world-renowned hotel brands and Red Sea Global. Shura Island, the heart of the destination, began welcoming guests in 2025 and is currently home to five open resorts with a total of 11 resorts planned for the island. The island is set to be fully live in 2026. Signature experiences also include high-adrenaline water and land sports to cultural and nature-based adventures, delivered by destination activity brands WAMA (over-water), Galaxea (underwater), and Akun (inland).

Red Sea International Airport (RSI) offers a seamless arrival experience, with its design inspired by the desert, oasis, and sea. Within three hours’ flying time for 250 million people and eight hours for 85% of the world, RSI currently connects via regular flights from Riyadh, Jeddah, Doha, Milan, and Dubai, with additional regional and international routes launching soon.

Developed by Red Sea Global (RSG), a multi-project developer advancing responsible, regenerative tourism while actively strengthening its environment, culture, and community, we limited our development to accommodate no more than 1 million visitors a year at The Red Sea and 500,000 at AMAALA to protect the delicate ecosystems. The destination is powered by 100% renewable energy, targeting a 30% net conservation benefit by 2040.

About Four Seasons Resort and Residences Red Sea at Shura Island

As the world’s leading operator of luxury hotels, Four Seasons Hotels and Resorts currently manages 136 properties in 47 countries. Accepting reservations as of May 20, 2026, Four Seasons Resort and Residences Red Sea at Shura Island offers a vacation experience of unlimited variety, and the highly personalized, anticipatory service that Four Seasons guests expect and value around the world. For more information on Four Seasons Resort and Residences Red Sea at Shura Island, visit our website at: https://www.fourseasons.com/redseashuraisland/. For news, please visit our Press Room at: https://press.fourseasons.com/redseashuraisland/.

 

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For more information, please contact:

Jack Williams, Director, Corporate Affairs

Mobile: +966 55 925 6816

Email: Jack.Williams@RedSeaGlobal.com

Visa and Jason Sudeikis Turn the Simplest Goal in Football Into the Biggest Fan Moments at the FIFA World Cup 2026™

 SAN FRANCISCO - Monday, 18. May 2026 AETOSWire 

With “Tap In,” Visa brings fans closer to the FIFA World Cup 2026™—one effortless tap at a time.

(BUSINESS WIRE) -- At the FIFA World Cup 2026™, everything can change in a split second. A quick pass. A simple finish. A tap in goal. This summer, Visa (NYSE: V), the Worldwide Payment Technology Partner of the FIFA World Cup 2026™, is turning those fleeting moments into something much bigger—launching Tap In, a bold new global campaign based on the belief that everything is a tap in with Visa.

Built around one of football’s most recognizable finishes, Tap In takes the simplest touch in the game and turns it into a powerful metaphor for how Visa works: fast, seamless, and effortless in the moments that matter most. At the FIFA World Cup™, that idea moves beyond storytelling, unlocking opportunity in communities and connecting fans directly to the action as it unfolds live.

When Players Tap In, Fans Do Too

At the heart of the campaign, Visa brings the passion of football to life across all three host countries—delivering exclusive promotions, unforgettable moments, and once-in-a-lifetime prizes to cardholders. When the ball hits the back of the net, the moment doesn’t stop at the stadium—it travels instantly to fans’ screens.

Visa cardholders across the United States and Canada can register to enter Tap In to Score1, a Visa exclusive promotion that can make every match and every tap in goal mean something more. Fans can stay connected throughout the tournament for a chance to win daily, knowing the next tap in goal on the pitch could unlock even more prizes. From FIFA World Cup™ match tickets and a potential trip to the Final, to signed memorabilia and limited-edition merchandise, Tap In to Score turns match moments into shared celebration and opportunity.

With a simple, repeatable cadence that mirrors the flow of the tournament, Tap In to Score is designed to keep fans engaged beyond kickoff—making participation easy, intuitive, and woven into the rhythm of every matchday.

In Mexico, eligible Visa cardholders can register to enter Pásala Para Ganar2—a promotion offering fans the chance to win tickets to a FIFA World Cup 2026™ match just by registering their eligible cards. Winners will be randomly selected and notified in early June.

Jason Sudeikis Leads a Global Roster Built for the Moment

To bring Tap In to life, Visa has assembled a lineup that blends humor, cultural credibility, and football greatness. The campaign launches with a high impact hero film that captures the unpredictability, energy, and joy of the FIFA World Cup™—showing how a single tap can ripple far beyond the pitch.

Award winning actor Jason Sudeikis anchors the campaign, journeying through the U.S., Mexico and Canada, using his Visa card to make every step of his FIFA World Cup 2026™ experience easier—illustrating how Visa removes friction and unlocks fandom in real life.

He is joined in the Tap In campaign by some of the most exciting and iconic figures in the tournament today, including Lamine Yamal, Erling Haaland, Christian Pulisic, Jorge Campos, and legendary announcer, Andrés Cantor.

Together, they celebrate a simple truth fans instantly recognize: the smallest touches can create the biggest moments.

“Football has this way of making even the smallest moment feel shared,” said Jason Sudeikis. “Tap In helps fans stay connected to that feeling—whether they’re on the pitch, in the stands, or at home.”

From Screens to Streets: Making the FIFA World Cup™ a Connected Experience

Tap In rolls out across broadcast, digital, social, creator partnerships, and live fan moments—meeting fans where football culture lives today. Tap In notifications, creator-led explainers, and immersive environments bring Tap In to life as an always-on FIFA World Cup™ experience.

Visa’s Tap In Studio activation at select stadiums and major host cities invites fans to step inside the campaign, blending football, art—from Visa’s first-ever global art collection—and culture, while unlocking an experience only Visa can deliver.

Tap In to Impact

Visa’s Tap In campaign is also taking the energy of the FIFA World Cup™ and turning it into economic impact that directly supports small businesses, creators and communities across host countries.

Through Tap In to Impact, Visa is committing $600,000 to three nonprofit partners across each host country: SCORE in the United States, Pro Mujer in Mexico, and Futurpreneur in Canada. These investments support the local business owners, mentors, and community-builders transforming a global tournament into lasting local impact, ensuring the excitement of the FIFA World Cup™ leaves a lasting legacy where it’s played.

Everything Is a Tap In With Visa

“Fans don’t just watch the FIFA World Cup™—they live it,” said Frank Cooper III, Chief Marketing Officer at Visa. “Tap In keeps them closer to every moment, turning the easiest goal in football into an invitation for fans everywhere to participate. One tap, and you’re in.”

To learn more about Visa’s Tap In to Score and how to register to enter for a chance to win match-triggered prizes, visit visa.com and follow Visa on social.

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

1 NO PURCHASE NECESSARY. Must be current Visa cardholder as of May 1, 2026, 50 U.S./D.C., PR, or CAN, 18+/age of maj. Match Ticket winners responsible for travel & accommodations. For CAN res. Skill test req’d. Ends July 20, 2026. Rules/Elig: https://tevnt.com/VisaFWC26Promo

2 Rules/Elig: https://tevnt.com/VisaFWC26Promo/mx/

 

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Media Contact

Conor Febos, cfebos@visa.com

STARTEEPO Invest Announces 5% Stake in Xerox Holdings Corporation

PRAGUE - Saturday, 16. May 2026

(BUSINESS WIRE)--STARTEEPO Invest (“STARTEEPO”), an alternative investment fund focused on public equity opportunities, today announced that it has acquired a significant ownership position in Xerox Holdings Corporation (“Xerox” or the “Company”).

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260515594020/en/

As of the date of this release, STARTEEPO and its affiliates beneficially owns 6.6 million shares of Xerox (excluding options), representing approximately 5.05% of the Company’s outstanding common stock. STARTEEPO has filed a Schedule 13D with the U.S. Securities and Exchange Commission (the “SEC”) providing additional details regarding its investment.

Investment Perspective

STARTEEPO believes that Xerox represents an interesting investment opportunity supported by a combination of balance sheet initiatives, ongoing operational improvements, and its position within a changing and consolidating industry.

In STARTEEPO’s view, the Company is undergoing a multi-step transition focused on stabilizing revenues, improving margins, and strengthening its financial profile over time. STARTEEPO believes that even incremental progress across these areas may contribute to a more balanced market perception.

Shareholder Approach

STARTEEPO intends to act as a constructive, long-term shareholder and may engage in discussions with Xerox’s management and Board of Directors regarding the Company’s business, strategy, capital structure, and opportunities to enhance shareholder value. The firm may also communicate its investment perspective to institutional investors and market participants.

František Bostl, Chairman of the Board of STARTEEPO Invest, commented:

“We view Xerox as a deep value opportunity and today it represents one of the largest positions in our portfolio, reflecting our strong conviction in the company’s long-term potential. We are honored to become part of the history of this iconic technology company.”

Additional information are available at www.starteepo.com/xerox.

About STARTEEPO Invest

STARTEEPO Invest is an alternative investment fund based in Prague, Czech Republic, focused on identifying high-conviction opportunities in public equity markets. The firm applies a fundamental, long-term investment approach, with a focus on disciplined analysis and constructive engagement.

This communication expresses solely the opinion of STARTEEPO and its affiliates and not any other party. This communication is for informational purposes only and does not constitute investment advice, a recommendation, or offer to buy or sell any securities. STARTEEPO’s opinions stated herein are based on publicly available information and its own analyses. STARTEEPO may, at any time and without notice, buy, sell, reduce, increase, or otherwise change its investment position, including for reasons that may be inconsistent with the views expressed in this communication. Investing in securities involves significant risks, including the potential loss of the principal amount invested. Past performance is not a reliable indicator of future results. Every investor should conduct their own independent research and due diligence or consult with a licensed financial, legal, or tax advisor before making any investment decision.

 

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Contacts

Media Contact

Frantisek Bostl

bostl@starteepo.com

420 604 215 002

www.starteepo.com/en

TetraMem Announces 22nm Multi-Level RRAM Analog In-Memory Computing SoC Milestone

 (BUSINESS WIRE)--TetraMem Inc., a Silicon Valley–based semiconductor company developing analog in-memory computing (IMC) solutions, today announced the successful tape-out, manufacturing, and initial silicon validation of its MLX200 platform, a 22nm multi-level RRAM-based analog IMC system-on-chip (SoC).

The achievement marks a significant step toward the commercialization of analog computing architectures based on emerging non-volatile memory technologies, addressing the growing challenges of data movement, power consumption, and thermal constraints in modern AI systems.

As AI workloads continue to scale, system performance is increasingly constrained by the cost of moving data between memory and compute units. Analog in-memory computing offers a fundamentally different approach by performing computation directly within memory arrays, significantly reducing data movement and improving system-level efficiency. TetraMem’s MLX200 platform integrates multi-level RRAM arrays with mixed-signal compute engines to enable high-throughput vector-matrix operations within memory, while maintaining compatibility with advanced CMOS processes.

The multi-level RRAM technology demonstrated at the TSMC 22nm process provides key attributes required for practical deployment, including CMOS compatibility with minimal additional process complexity, low-voltage and low-current operation, strong retention and endurance characteristics, and high multi-level capability that supports improved memory and compute density. Early silicon results indicate consistent functionality across arrays, supporting the viability of this approach for both embedded non-volatile memory and compute-in-memory applications.

This milestone builds on TetraMem’s earlier work on the MX100 platform, fabricated on the TSMC 65nm CMOS process, where the company demonstrated multi-level RRAM devices with thousands of conductance levels (“Thousands of conductance levels in memristors integrated on CMOS,” Nature, March 2023), as well as high-precision analog computing capabilities (“Programming memristor arrays with arbitrarily high precision for analog computing,” Science, February 2024). These prior results established a strong scientific and engineering foundation for scaling the technology to more advanced nodes.

Since 2019, TetraMem has worked closely with the world leading semiconductor foundry to advance RRAM technology from early-stage research into manufacturable silicon. The progress achieved at 22nm reflects continued development in process integration, device uniformity, and system-level co-design.

The MLX200 and MLX201 platforms are designed to support power- and latency-sensitive edge AI applications, including voice and audio processing, wearable devices, IoT systems, and always-on sensing. Evaluated sampling is expected to begin in the second half of 2026, and multi-level RRAM memory IP is available for evaluation and potential licensing.

Dr. Glenn Ge, Co-founder and CEO of TetraMem, commented, “This milestone reflects years of close collaboration with our foundry partner TSMC and demonstrates the feasibility of bringing multi-level RRAM and analog in-memory computing from computing architecture breakthrough into advanced-node commercial silicon. We believe this approach provides a practical path to improving energy efficiency and scalability for next-generation AI systems.”

The successful realization of the MLX200 platform highlights the viability of multi-level RRAM-based analog computing on advanced semiconductor processes. TetraMem will continue to advance this technology to support emerging AI workloads with improved energy efficiency and system scalability.

About TetraMem

TetraMem is a Silicon Valley–based semiconductor company pioneering analog in-memory computing using multi-level RRAM technology. Its architecture integrates memory and compute to significantly reduce data movement and improve energy efficiency for AI workloads. With a strong foundation in device, circuit, and system co-design, TetraMem is advancing scalable solutions for edge AI and future high-performance computing, working closely with leading foundries and ecosystem partners to bring fundamental science breakthrough technologies into commercial variable volume production.

 

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Contacts

Media Contact:

Glenn Ge

pr@tetramem.com

 n

Modon partners with Montage Hotels & Resorts to bring ultra-luxury hospitality brand to Egypt’s Ras El Hekma

 Ras El Hekma, Egypt - Sunday, 17. May 2026 AETOSWire Print 

Montage Ras El Hekma introduces the first branded residences for purchase at the Mediterranean destination, alongside the region’s first Montage resort

 

Abu Dhabi-based Modon Holding and Montage Hotels & Resorts have announced Montage Ras El Hekma, which will introduce the first branded residences for purchase at Ras El Hekma on Egypt’s Mediterranean coast. This is the first Montage resort in Egypt – supporting the emerging city’s growth as a global hub for leisure, business and tourism.

Montage Ras El Hekma will feature 200 guestrooms and suites, in addition to 96 Montage Residences, and will offer a curated mix of wellness and leisure amenities, including beachfront swimmable lagoons, a Spa Montage with 13 treatment rooms, and six dining venues, alongside retail and family-oriented experiences. Designed as the experiential core of the wider community, the resort will also feature event spaces, expansive outdoor lawns and terraces, and a dedicated Owners’ Clubhouse that complements the private residential setting.

At the heart of the Ras El Hekma development, the resort will create a hospitality-led living environment, blending private ownership with Montage’s signature approach to intuitive, understated luxury and a fully serviced lifestyle defined by ease, privacy and discretion. With no future phases planned for this collection, the residences represent a rare and highly exclusive ownership opportunity within a layered coastal setting that brings together 2.25 kilometres of shoreline, rolling fairways, an integrated marina and world-class hospitality experiences.

Bill O’Regan, Group CEO of Modon Holding, said: “Montage Hotels & Resorts are renowned for serving affluent travellers and homeowners, delivering an elevated guest experience and a commitment to refined living while remaining authentic to their surroundings. This ethos aligns closely with Modon’s vision for Ras El Hekma, where we are creating a distinctive Mediterranean destination defined by quality, experience and long-term value.”

Montage Residences Ras El Hekma comprise of a private collection of 96 branded villas positioned in Wadi Yemm, Ras El Hekma’s first precinct, designed to maximise space, light, privacy and seamless indoor-outdoor living. The three- to six-bedroom villas are oriented towards the sea, reinforcing a strong connection to the surrounding land and natural environment, with select homes offering dual views across the Mediterranean and a championship golf course.

Montage Ras El Hekma marks the international ultra-luxury brand’s debut in the country and the start of a broader partnership between Modon and Montage, with potential for further collaboration across Modon’s destinations. New properties will add to Montage Hotels & Resorts’ existing portfolio of six ultra-luxury resorts and residences across the United States and Mexico, as well as additional properties planned in the Bahamas, Punta Mita, and Valle de Guadalupe.

Alan J. Fuerstman, Founder, Chairman and CEO of Montage International, said: “Bringing the Montage brand to Egypt with Modon is a truly exciting milestone in our global journey. Ras El Hekma is a remarkable destination, where rich heritage and thoughtful design come together in a way that is redefining luxury along the Mediterranean coast. We are honoured to collaborate with Modon to bring this vision to life and to build on their outstanding reputation for creating vibrant communities and delivering world-class sporting and lifestyle experiences.”

Montage Ras El Hekma forms part of the USD 35 billion Ras El Hekma masterplan, a 170.8 million square metre development transforming Egypt’s Northern Coast into a next-generation city expected to attract investment of USD 110 billion by 2045. The resort and residences will be set within Wadi Yemm, the first of Ras El Hekma’s 17 planned precincts to move into active delivery. As the city’s first fully integrated coastal community, it represents the opening chapter of the broader masterplan vision.

Wadi Yemm will also feature a series of cultural landmarks that will help shape the identity of the wider city, including the Ras El Hekma Lighthouse and an amphitheatre designed to host up to 10,000 guests across an annual programme of cultural and entertainment events.

Ras El Hekma is designed for seamless access by road, sea, and air, placing it within four hours’ flight time of nearly half the world’s population. The destination will include a new international airport integrated with high-speed rail networks, major highways, and marinas, alongside a dedicated cruise terminal.

Spanning 44 kilometres of Mediterranean coastline, Ras El Hekma will deliver a mix of leisure, hospitality and cultural offerings. At its core, the destination will feature a central business and financial district, supported by education, residential and mixed-use districts designed to sustain a vibrant year-round community.

Upon completion, Ras El Hekma is expected to contribute approximately USD 25 billion annually to Egypt’s GDP and create around 750,000 jobs, establishing it as one of the region’s largest urban development and investment projects.

For more information, prospective buyers can visit modon.com or call 800 MODON in the UAE, 7734 in Egypt, or +201122222734 for international enquiries.

For more information on Montage Ras El Hekma, please visit www.montage.com and follow @montagehotels and @montageraselhekma.

About Modon

Modon is an international holding company, headquartered in Abu Dhabi, United Arab Emirates, and listed on the Abu Dhabi Securities Exchange (ADX). Modon is at the forefront of urban innovation, creating iconic designs and experiences that continually surpass expectations. From real estate to hospitality, asset and investment management, events, catering and tourism, and urban infrastructure, we are bringing cities to life through delivering long-term and sustainable value.  

About Montage Hotels & Resorts

Montage Hotels & Resorts is the ultra-luxury hospitality management company founded by Alan J. Fuerstman. Designed to serve the affluent and discerning traveler and homeowner, the company features an artistic collection of distinctive hotels, resorts, and residences. Each Montage property offers comfortable elegance, a unique sense of place and spirit, impeccable hospitality and memorable culinary, spa and lifestyle experiences. The portfolio of hotels, resorts and residences includes: Montage Laguna Beach, Montage Deer Valley, Montage Palmetto Bluff, Montage Los Cabos, Montage Healdsburg, and Montage Big Sky. Future destinations include Montage Cay, Montage Punta Mita, Montage Valle de Guadalupe and Montage Ras El Hekma. Montage Hotels & Resorts is a member of Preferred Hotels & Resorts. For more information, follow @montagehotels or visit www.montage.com.

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