Business | Tourism

Shuaa Capital signs deal to build and operate hotels in Egypt

Orascom Hotel Holdings, an Egyptian hotel operator, said it will join Shuaa Capital to build and operate five hotels, catering for businessmen in Egypt.

  • Bloomberg
  • Published: 18:02 May 8, 2008
  • Gulf News

Cairo: Orascom Hotel Holdings, an Egyptian hotel operator, said it will join Shuaa Capital to build and operate five hotels, catering for businessmen in Egypt.

The project will have a total investment of $125 million, the Cairo-based company said in statement to the Cairo & Alexandria Stock Exchanges.

Orascom will have a 51 percent stake in the project, the company added in the statement.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

External Links

  1. www.bloomberg.com

gulfnews.com is not responsible for the content of external internet sites

More from Tourism

  1. Green travellers mean business

  2. Gulf hospitality sector still struggling

  3. Cairo mosque restored in bid to boost tourism

  4. Space hotel to open in 2012

All articles in Tourism

More from Business

Gulf News
Popular in Business
Precious jump
General

Precious jump

Gold prices at new high as India's central bank buys $6.7b worth of gold

Business Editor's choice