Pickalbatros Hotels have purchased a 50k sqm land plot in New Cairo to build a hotel that includes an aqua park, Chairman Kamel Abou Ali told Al Borsa. The company will complete the necessary studies this quarter, and aims to begin building by 2Q2017, he added. Pickalbatros are set to complete the EGP 400 mn Beach Albatros Marsa Alam hotel this quarter, said Abou Ali.

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