Saudi Prince and business tycoon Waleed bin Talal pumps investments worth USD 380 mn to expand the Four Seasons Resort in Sharm El-Sheikh, Invest-Gate reports.
Prince Bin Talal pays an inspection tour to the construction works at the Four Seasons Resort together with Egyptian businessman Hisham Talaat Mostafa, CEO of Talaat Mostafa Group, the developer of Four Seasons hotels in Egypt.
The expansion will be implemented to the old resort, which was established in 2002. Set for completion next year, Four Seasons Resort Sharm El Sheikh will be the world’s largest Four Seasons resort, accommodating a total of 1400 rooms.
Projects jointly implemented by Talaat Moustafa Group and the Four Seasons include the Four Seasons Nile Plaza in Cairo and Four Seasons Alexandria.