The Ritz-Carlton to open Sharm Al Shaikh property

Dubai: The Latif Group of Companies signed a management agreement to bring The Ritz-Carlton, Sharm Al Shaikh resort to the Sinai Peninsula, according to a statement on Monday.

The $600 million Ritz-Carlton, Sharm Al Shaikh is expected to begin operation by 2020. Located in Shark Bay, the resort will feature 252 rooms, including 12 villas, as well as three restaurants, pools, a spa and a shopping complex, said to be the biggest in Sharm Al Shaikh.