The St. Regis Cairo Hotel is set to be opened in March, sources close to developer Qatari Diar told Al Mal. The hotel was developed using a USD 1 bn investment with the sources saying the cost increased from the initial USD 560 mn projected. Contractor delays delayed the project’s development and drove up the cost. Sources added that Qatari Diar is now prioritizing the St. Regis launch and will complete the residential and administrative development on site after.

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