The Marriott-owned luxury hotel chain St. Regis is set to open a branch in the new administrative capital’s Almasa Royal Palace in 2Q2020, Ahram Online reports. The development will contain 270 rooms, 90 suites, 60 apartments and 14 villas among other luxury facilities, Marriott International’s MENA Chief Development Officer Jermoe Briet said in a statement.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…