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Titanic Hotel Pact Signed

Titanic Hotel Pact Signed

Egyptian Prime Minister Mostafa Madbouly witnessed the signing of an agreement for the management of the Titanic Luxury Collection hotel in Sharm El Sheikh between Ghazal Real Estate and Tourism Investment Company and Turkey’s Titanic Hotels group. The hotel was built with around $180 million in Egyptian investment and has 560 rooms and 60 villas on a one-kilometer stretch of beach. Its soft opening is scheduled to begin within the next 30 days. The two companies also announced plans to sign management agreements for three more hotels in Egypt.

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