Hilton signed yesterday contracts with the New Urban Communities Authority (NUCA) to manage two hotels that will be constructed in New Alamein City, Al Masry Al Youm reports. The hotels will have a combined total of 550 rooms. Hilton Worldwide has plans to add 1,000 hotel rooms in Egypt throughout the year and targets expanding in the country with seven new hotels by 2021.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…