Al Sharif Group to sign contract for EGP 1.4 bn Shepheard Hotel renovation

Al-Sharif Group Holding (ASG) will sign a contract to renovate the Shepheard Hotel next month, Holding Company for Tourism and Hotels Chairman Mervat Hataba told Masrawy. The Saudi company will finance the EGP 1.4 bn renovations of the historic hotel and will get a cut of revenues once it is operational again.