Cleopatra Hospitality Group plans to build two holiday resorts in Marsa Matrouh at a cost of c. EGP 10 bn over the next five years, Group Chairman Mohamed Abou El Enein said yesterday. Cleopatra Group will self-finance about one-third of the cost and seek bank finance for the rest. The company is also eyeing new investments in Africa, including Ghana and Guinea, worth USD 100 mn, Abou El Enein said.

Tags: