{"id":642120,"date":"2017-08-07T03:43:34","date_gmt":"2017-08-07T03:43:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg\/"},"modified":"2017-08-07T03:43:34","modified_gmt":"2017-08-07T03:43:34","slug":"alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg\/","title":{"rendered":"Alwaleed bin Talal to invest north of USD 800 mn in hotel projects with Egypt\u2019s TMG"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Globally prominent Saudi businessman Alwaleed bin Talal\u2019s <\/strong>Kingdom Holding Company will be investing more than USD 800 mn<\/strong> in projects alongside Egypt\u2019s Talaat Moustafa Group (TMG) under an agreement inked with Investment and International Cooperation Minister Sahar Nasr on Sunday, a statement said<\/a>. The funds will be used in part to finance TMG\u2019s ongoing expansion of the Four Seasons Resort in Sharm El Sheikh<\/strong>, where costs have reportedly ballooned to EGP 7 bn from an estimated EGP 1.8 bn back in 2016<\/a>. The expansion, which should be completed sometime next year, would add up to 800 new rooms to the resort, making it the largest Four Seasons resort in the Middle East with 1,400 rooms, according to Al Masry Al Youm<\/a>. Kingdom Holding is also earmarking funds for TMG\u2019s construction of a new hotel in Alamein and a <\/strong>Four Seasons in Madinaty<\/strong><\/a>, which are currently in the works.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Globally prominent Saudi businessman Alwaleed bin Talal\u2019s Kingdom Holding Company will be investing more than USD 800 mn in projects alongside Egypt\u2019s Talaat Moustafa Group (TMG) under an agreement inked with Investment and International Cooperation Minister Sahar Nasr on Sunday, a statement said. The funds will be used in part to finance TMG\u2019s […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642120","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"74231e1e-8d7b-4cc4-bfd7-08b79f0a1157","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642111],"teaser":"","voice_url":""},"yoast_head":"\nAlwaleed bin Talal to invest north of USD 800 mn in hotel projects with Egypt\u2019s TMG - 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\/2017\/08\/07\/alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alwaleed bin Talal to invest north of USD 800 mn in hotel projects with Egypt\u2019s TMG\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Globally prominent Saudi businessman Alwaleed bin Talal\u2019s Kingdom Holding Company will be investing more than USD 800 mn in projects alongside Egypt\u2019s Talaat Moustafa Group (TMG) under an agreement inked with Investment and International Cooperation Minister Sahar Nasr on Sunday, a statement said. 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The real estate developer also said the company has so far spent USD 213 mn to expand and develop the Four Seasons\u2026","rel":"","context":"In "Speed Round"","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":643060,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/saudi-prince-khaled-bin-alwaleed-wants-to-invest-in-egypt\/","url_meta":{"origin":642120,"position":1},"title":"Saudi Prince Khaled Bin Alwaleed wants to invest in Egypt","author":"enterpriseam admin","date":"29 August 2017","format":false,"excerpt":"INVESTMENT WATCH- Yet another Saudi wants to invest in Egypt. Saudi Prince Khaled Bin Alwaleed Bin Talal Al Saud expressed interest in investing in new projects in Sharm El Sheikh \u2014 partnering with companies to expand current projects, or helping financially struggling companies, according to an Investment Ministry statement. 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