State-owned Egyptian General Company for Tourism and Hotels (EGOTH) has called offa tender to sell a 51% stake in the iconic Shepheard Hotel in Downtown Cairo, Chairperson Mervat Hataba said, according to Al Mal. The company received two offers from potential partners, one from India’s Tata subsidiary Taj Hotels and another from local construction firm Samcrete, but neither was able to meet the tender requirements. EGOTH was aiming to form a JV with the private sector to develop the hotel at an estimated cost of USD 130 mn.

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