tourism investment
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Developers
DM Development Posts 60% of Target Sales Despite Coronavirus Woes
Sunday, 14 June 2020
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.
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Investment
Marriott Plans for 4 Hotels in Egypt Within 5 Yrs
Tuesday, 10 December 2019
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.
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Investment
Samih Sawiris Takes Over German Thomas Cook
Sunday, 8 December 2019
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 went bankrupt in late September.
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Government
Pyramids Renovation Project to Open in Q1 2020
Wednesday, 4 September 2019
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-site.
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Developers
Steigenberger Hotels Unveils New Property in Cairo
Thursday, 27 June 2019
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 Museum.
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Investment
Egyptian Hotel Market Sees 34% Growth in Q1 2019: Colliers
Tuesday, 14 May 2019
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 Q1 2019
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Developers
Sabbour Consulting to Supervise CAMPANIA Project in Alexandria
Wednesday, 20 March 2019
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 residential project, CAMPANIA, in Alexandria.
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Government
Madbouly Follows Up on Development Projects in Saqqara
Tuesday, 8 January 2019
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 of services to visitors there and contribute to the growth of inbound tourism as a result.
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Government
Sisi Tours Some Development Projects at El Galala City
Sunday, 23 December 2018
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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Government
Saudi PIF Launches New Project to Boost Sustainable Tourism
Tuesday, 4 December 2018
Saudi Arabia's Public Investment Fund (PIF) has announced the launch of a new sustainable tourism project called "Wadi Al Disah Development Project," on the southwest of Tabuk city in the Saudi kingdom
Latest News
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City Edge Opens Zahya Beach in Summer 2022 in New Mansoura City
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Urbanlanes Kicks off East Lane Project with EGP 2 bn Investments
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Al Naser Developments to Kick off 2nd Project in NAC
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MCDR Achieves Highest Quarterly Profits Ever
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Last Modified January 3, 2022