Mövenpick Hotels & Resorts signed an agreement with Galalah Company for Touristic Investments to manage a 214-key hotel in Ain Sokhna, according to Incentive Travel & Corporate Meetings. Mövenpick Hotel El Ein Bay will be the company's second in Ain Sokhna and is set to open in 2020. The hotel manager’s first property in the area, Mövenpick Resort El Sokhna, is owned by an affiliate of Galalah’s.

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