Al Dau Development, a subsidiary of Sami Saad Holding, is developing Al Dau Heights and Al Dau Strand, two real estate projects in Hurghada, reported Daily News Egypt.
The projects will also include a new mall, Al Dau Village, which is expected to be completed by the end of 2017. The company’s investments in real estate projects are said to have exceeded EGP 2 billion, according to Bahaa Hefzallah, Marketing Manager of Al Dau Development.
The company has invested in tourism projects including Steigenberger Al Dau Beach Hotel and Steigenberger Aqua Magic.
Hotel services will also be introduced within the two real estate projects under development.
Steigenberger Aqua Magic is an hotel with 750 rooms and a water park that was launched in 2014. It has been previously awarded five international prizes in the water parks sector. The Steigenberger Al Dau Beach Hotel in Hurghada received 40 international awards for quality of services. It has a total of 388 rooms and is considered the company’s first resort located in Hurghada.