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Radisson to acquire six new hotels in Egypt
Radisson Hotel Group has signed an agreement to acquire six new hotels across Egypt, the company announced on Friday. The…
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JW Marriott becomes Egypt’s first solar-powered hotel
Cairo’s JW Marriott had 150 MW-worth of solar panels installed on its roof, making it the country’s first solar-powered facility…
Egypt mulling re-issuing tender to sell 51% stake in Shepheard Hotel
The Public Enterprises Ministry is mulling re-issuing a tender to sell a 51% stake in the Shepheard Hotel in downtown…
Egypt calls off tender for 51% stake in Shepheard Hotel
State-owned Egyptian General Company for Tourism and Hotels (EGOTH) has called offa tender to sell a 51% stake in the…
Egyptian Resorts Company sees rise in sales for new Sahl Hasheesh project
The Egyptian Resorts Company (ERC)’s Bay Village has seen a surge in demand since its launch in October, according to…
Cleopatra plans to build two holiday resorts in Matrouh for EGP 10 bn
Cleopatra Hospitality Group plans to build two holiday resorts in Marsa Matrouh at a cost of c. EGP 10 bn…
Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
Jaz spending EGP 4 bn in eight new hotels in Egypt’s resort towns
INVESTMENT WATCH- Travco subsidiary to invest EGP 4 bn in new Egypt hotels: Travco subsidiary Jaz Hotel Group is investing…
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