Leading international law firm Baker McKenzie has advised Sixth of October Development and Investment Company (SODIC), a leading diversified real estate developer in Egypt and majority owned subsidiary of the Abu Dhabi-based consortium of Aldar Properties and ADQ, on its strategic partnership with global luxury hospitality brand, Nobu, and on the expansion of the Nobu brand in Egypt. Under the partnership, the parties plan to develop two luxury hotels, branded residences, and the renowned Nobu restaurant across two of SODIC’s distinguished developments in West Cairo and on the North Coast.

“It was a pleasure to support SODIC on its partnership with iconic global brand Nobu as they look to jointly introduce Nobu's five-star hotels, residences and restaurants to Egypt,” said Keri Watkins, Partner and Co-Head of the Real Estate and Hospitality Practice Group in the Middle East, commented. “This partnership marks a significant milestone in the Egyptian real estate and hospitality industry with the aim of bringing the highest standards of luxury to premier leisure and residential developments in Egypt.”

"We are delighted to have advised SODIC on this high profile cross-border transaction. This is a testament to the strength of our industry expertise and local market knowledge and our ability to collaborate seamlessly as we advise our real estate and hospitality clients in the region on their ambitious growth plans," added Ghada El Ehwany, Partner and Head of the Corporate and Commercial Practice Group in Cairo. Baker McKenzie's cross-office team in Dubai and Cairo led on the legal negotiations between SODIC and Nobu, with our Dubai team acting as English law counsel and our Cairo team acting as Egyptian law counsel to SODIC.

The team was led by Keri Watkins (Partner, Real Estate and Hospitality, Dubai) and Ghada El Ehwany (Partner, Corporate and Commercial, Cairo), with support from Heba Samy (Senior Associate, Corporate, Cairo) and Tessa Crawford (Mid-Level Associate, Real Estate and Hospitality, Dubai).

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