Jaz hotels to invest EGP 2.5 bn this year to build 4 hotels

Travco subsidiary Jaz Hotel Group is planning to invest EGP 2.5 bn this year to build four new hotels in the Red Sea Governorate, CEO Alaa Akel told the local press. The hotels will be in Hurghada, Safaga, and Marsa Alam, and will have a capacity of 1340 rooms.