Outbound agents are looking to put Egypt back on the travel radar for Malaysians by leveraging cheaper ground prices and promoting the destination aggressively at the upcoming MATTA Fair in Kuala Lumpur next month, TTG Asia reported. “In general, ground arrangements are around 20-30% less throughout the country as compared to 2013 rates. For USD 100, we can now get a five-star hotel in Cairo and Aswan; in the past, USD 100 could only fetch a four-star property,” said one convention goer.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA issues model short-selling contract, with launch weeks away
Contract wording is settled; the launch now waits on the…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…