Somabay, a leading company in tourism investment and the developer behind the renowned Somabay peninsula, disclosed profits of EGP 102 mn in the first half of 2024, denoting a remarkable 155% surge compared to the ...
Egypt-based DM Development has managed to log 60% (or EGP 150 mn) of its targeted sales for “The Groove” project in Ain Sokhna in Q1 2020, aiming to seal deals worth EGP 1 bn by year-end.
Marriott International is set to expand further into Egypt with its plans to introduce four more hotels in the North African country in the next five years.
Billionaire business tycoon Samih Sawiris, through his Raiffeisen Touristik (RT) Group, has acquired the German travel agency franchise system of Thomas Cook, after the latter reported a major drop in sales and we ...
Egypt is due to open its USD 500 mn Pyramids Renovation Project in Q1 2020, which will be managed and operated by Orascom Investment Holding (OIH), providing first-class facilities and recreational services on-sit ...
Deutsche Hospitality's luxury brand Steigenberger Hotels and Resorts is growing its portfolio in Egypt with its 12th hotel venture, "Steigenberger Pyramids Cairo," nestled amidst Giza Pyramids and Grand Egyptian M ...
Colliers International's "MENA Hotel Forecasts" 2019 report has presented a positive outlook for the performance of the Egyptian hotel market, asserting that the country's hotel market has witnessed 34% growth in ...
Sabbour Consulting and Hilal Real Estate Investment and Tourism Development signed a consulting services agreement to provide general consultancy and supervise the implementation of the former company’s residentia ...
Prime Minister Mostafa Madbouly has held a meeting to follow up on the latest developments on some projects being implemented for the restoration of ancient Saqqara archaeological area, aiming to provide an array ...
President Abdel-Fattah El-Sisi has embarked on an inspection tour of a number of mega development projects being implemented at El Galala City in the northeastern governorate of Suez, Ain Sokhna
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