Margins Developments announces that it will attend Minor International Pcl’s leadership summit in Bangkok, Invest-Gate reports.
Mohamed Al Aasar, chairman of Margins Developments, says the company values its partnership with Minor International, a hotel operator, on the Oaks Egypt project in the New Administrative Capital east of Cairo.
The 9,239 sqm development, in which Margins Developments will invest more than EGP 2 bn ($64. 73 million), is set to open in 2025.
Al Aasar says Minor International’s first project in Egypt shows the attractiveness of the country’s real estate market and economy. Minor International operates more than 550 hotels and resorts across 55 countries.
He adds that the new capital is a “smart and sustainable city” that is attracting investors globally.
Egypt is an important commercial hub for companies looking to expand in the Middle East, Al Aasar notes.