2 Days
Source:
المصدر
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PRE-Hilton EGP14bn Deal
PRE Group and Hilton Worldwide have signed an agreement to develop and manage a portfolio of hotel projects in Egypt, with investments estimated at around EGP 14 billion. The portfolio comprises 10 projects: six hotels and four branded-residence developments, adding approximately 2,000 hotel rooms and residential units. The projects will be operated under five Hilton brands in destinations including Ain Sokhna, Alamein and Eivor East. Once fully operational, they are expected to create thousands of direct and indirect jobs. The partnership is part of broader efforts to support tourism growth. Egypt’s national strategy aims to increase hotel capacity to around 300,000 rooms and welcome nearly 30 million tourists annually by 2030.
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