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الوطن
PRE-Hilton EGP 14bn Deal
PRE Group has announced a partnership with Hilton to develop a portfolio of hotels and branded residences in Egypt, with investments of nearly EGP 14 billion and a capacity of around 2,000 rooms. The agreement covers 10 projects—six hotels and four residential developments—to be operated under five Hilton brands in Ain Sokhna, El Alamein and Ivory East. Once fully operational, the projects are expected to create thousands of direct and indirect jobs. The partnership comes as Egypt aims to increase its hotel capacity to around 300,000 rooms and welcome approximately 30 million tourists a year by 2030.
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