{"id":569343,"date":"2020-02-20T04:17:52","date_gmt":"2020-02-20T04:17:52","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/"},"modified":"2020-02-20T04:17:52","modified_gmt":"2020-02-20T04:17:52","slug":"talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/","title":{"rendered":"Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract"},"content":{"rendered":"<p>Talaat Moustafa Group (TMG) signed a contract with the Egyptian General Company for Tourism and Hotels (EGOTH) that will see TMG subsidiary Icon establish the planned <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/18\/four-seasons-coming-to-luxor\/\">Four Seasons-branded hotel in Luxor<\/a> under a PPP framework, <a href=\"https:\/\/www.egx.com.eg\/downloads\/Bulletins\/239918_1.PDF\">TMG said in a regulatory filing (pdf)<\/a>. The 200-room hotel is expected to cost up to EGP 1.5 bn. TMG will cover the full cost of construction, which is expected to take three and a half years, through equity, <a href=\"http:\/\/bit.ly\/2SWNbbj\">Moustafa said in a press conference<\/a>. EGOTH will provide and retain ownership of the land for the hotel, while TMG will own the building under a revenue-sharing model. Separately, TMG said it is currently in talks over an unspecified project in the new administrative capital, <a href=\"https:\/\/www.egx.com.eg\/downloads\/News\/%d8%b7%d9%84%d8%b9%d8%aa%20%d9%85%d8%b5%d8%b7%d9%81%d9%89%20%d8%a8%d9%8a%d8%a7%d9%86%20%d8%a7%d9%84%d8%b9%d8%a7%d8%b5%d9%85%d8%a9%2019-02-2020.PDF\">according to a EGX filing (pdf)<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talaat Moustafa Group (TMG) signed a contract with the Egyptian General Company for Tourism and Hotels (EGOTH) that will see TMG subsidiary Icon establish the planned Four Seasons-branded hotel in Luxor under a PPP framework, TMG said in a regulatory filing (pdf). The 200-room hotel is expected to cost up to EGP 1.5 bn. TMG [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9304],"tags":[68,72,875,83,2402],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-569343","post","type-post","status-publish","format-standard","hentry","category-real-estate-housing","tag-egx","tag-enterpriseam","tag-new-administrative-capital","tag-real-estate","tag-real-estate-housing","wpautop","entry"],"acf":{"mongo_id":"50a24b20-1969-4c20-b0db-8a7faa6781d6","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[569310],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract\" \/>\n<meta property=\"og:description\" content=\"Talaat Moustafa Group (TMG) signed a contract with the Egyptian General Company for Tourism and Hotels (EGOTH) that will see TMG subsidiary Icon establish the planned Four Seasons-branded hotel in Luxor under a PPP framework, TMG said in a regulatory filing (pdf). The 200-room hotel is expected to cost up to EGP 1.5 bn. TMG [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-20T04:17:52+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract\",\"datePublished\":\"2020-02-20T04:17:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/\"},\"wordCount\":136,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"EnterpriseAM\",\"new administrative capital\",\"real estate\",\"Real Estate + Housing\"],\"articleSection\":[\"Real Estate + Housing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/talaat-moustafa-to-set-up-four-seasons-branded-luxor-hotel-under-ppp-contract\/\",\"name\":\"Talaat Moustafa to set up Four Seasons-branded Luxor hotel under PPP contract - 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TMG CEO Hisham Talaat Mostafa called Kelma Akhira\u2019s Lamees\u2026","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":684993,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/17\/tmg-taps-mandarin-oriental-to-operate-old-cataract-and-winter-palace\/","url_meta":{"origin":569343,"position":1},"title":"TMG taps Mandarin Oriental to operate Old Cataract and Winter Palace","author":"enterpriseam admin","date":"17 February 2026","format":false,"excerpt":"The two hotels will see extensive renovations before reopening in July 2027","rel":"","context":"In &quot;HOSPITALITY&quot;","block_context":{"text":"HOSPITALITY","link":"https:\/\/enterpriseam.com\/egypt\/category\/hospitality\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2026\/2\/1065.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571607,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/18\/egypt-signs-settlement-agreement-with-tmg-over-four-seasons-san-stefano-dispute\/","url_meta":{"origin":569343,"position":2},"title":"Egypt signs settlement agreement with TMG over Four Seasons San Stefano dispute","author":"enterpriseam admin","date":"18 May 2020","format":false,"excerpt":"DISPUTE WATCH- Gov\u2019t signs settlement with TMG for 2016 dispute over Four Season San Stefano: Talaat Moustafa Group (TMG) and the governorate of Alexandria signed yesterday a settlement agreement over the group's Four Seasons-branded hotel in Alexandria\u2019s San Stefano, according to a cabinet statement. Under the agreement, TMG will pay\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631297,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/14\/tmg-holding-invests-egp-35-bn-in-new-capital-project\/","url_meta":{"origin":569343,"position":3},"title":"TMG Holding invests EGP 35 bn in new capital project","author":"enterpriseam admin","date":"14 March 2018","format":false,"excerpt":"Talaat Moustafa Group (TMG) Holding has invested EGP 35 bn in its 500 feddan project in the new administrative capital, the company said in a statement to the EGX (pdf). TMG\u2019s subsidiary, the Arab Company for Projects and Urban Development, had purchased the land for EGP 4.4 bn in April\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575522,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/18\/tmg-wants-to-partner-with-nuca-to-develop-5k-feddans-in-capital-gardens-city\/","url_meta":{"origin":569343,"position":4},"title":"TMG wants to partner with NUCA to develop 5k feddans in Capital Gardens City","author":"enterpriseam admin","date":"18 October 2020","format":false,"excerpt":"Talaat Moustafa Group is in negotiations to partner with the New Urban Communities Authority to develop 5k feddans in the new administrative capital\u2019s Capital Gardens City, the local press reports, citing unnamed sources.","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":603334,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/four-seasons-coming-to-luxor\/","url_meta":{"origin":569343,"position":5},"title":"Four Seasons coming to Luxor","author":"enterpriseam admin","date":"18 April 2019","format":false,"excerpt":"Real estate developer TMG is looking to bring the Four Seasons brand to Luxor, according to statements from CEO Hisham Talaat Moustafa reported by the local press. The company is also developing a Four Seasons property in Madinaty and expanding the existing hotel in Sharm El Sheikh.","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=569343"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/569343\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/569310"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=569343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=569343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=569343"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=569343"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=569343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}