Egypt’s state-owned Holding Company for Tourism and Hotels is preparing to add about 3,500 hotel rooms over the next five years through investments estimated at EGP50 billion, according to an exclusive report by Al Arabiya Business citing people familiar with the matter. If implemented, the programme would lift the company’s hotel capacity to roughly 6,100 [...] The post Egypt’s State Hotel Group Targets EGP50bn Expansion to Add 3,500 Rooms appeared first on The Middle East Observer .
