Could the return of German direct flights to Taba see ODH turn a profit from Taba Heights? Orascom Development Holding (ODH) aims for its Taba Heights project in south Sinai to turn in a profit in the coming year, during which it plans to launch four new hotels in four different countries, CEO Khalid Bishara told Reuters. The company hopes that within 3-4 years Taba Heights would be making 2010-level profits, which had reached USD 20 mn. Earlier this year, Germany removed flight restrictions to Taba, allowing direct flights to the Sinai city. Taba Heights is ODH’s second largest hotel and largest tourist destination in south Sinai. ODH will also launch the third phase of its O West project west of Cairo in September. Bishara said the company is not considering projects in the new capital at the moment, but that it aims for its planned projects in the North Coast to be livable all year, not only for a couple of months per year.

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