Seti First to renovate and establish floating hotels in Luxor, Aswan, Abu Simbel

Seti First Travel is investing as much as EGP 132 mn in setting up and renovating four floating hotels, Chairman Magdy Henein told reporters, according to Al Shorouk. The investments will cover the renovation of two hotels, one between Cairo and Aswan and the other between Aswan and Luxor, at EGP 16 min apiece, in addition to two new boats between Abu Simbel and Sudan, which would require investments of EGP 80-100 mn. Work on the boats is pending official approval from the River Transport Authority and are expected to be operational by 2020.