Ramses Group to build Hurghada hotel with EGP 800 mn investments

Ramses Youssef Atteya Group is planning to build its sixth hotel with an initial EGP 800 mn in investments in cooperation with Concord Hospitality and two other Egyptian and Saudi companies, Al Mal reports. Construction of the Hurghada hotel will begin in 2H2019 and be completed by the end of 2021, managing director Youssef Atteya said. The names of the two companies and the size of their contribution have yet to be disclosed.