Orascom Construction has completed work on the Al Masah Hotel at the new administrative capital, Al Borsa reported last week. The EGP 900 mn hotel, co-developed with and owned by the military’s Engineering Authority, is expected to include a mall, conference hall, and lake area. OC was responsible for developing the area surrounding the hotel, while the New Urban Communities Authority will be constructing on site facilities, the newspaper says.
More from Enterprise
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Inside the retail wave reshaping EGX
Individuals are setting EGX prices day to day, trading on…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…