US consumer sentiment near 3-1/2-year low, spending sluggish over coronavirus outbreak    Egypt coronavirus deaths rise by 6, highest daily tally since start of outbreak    US House gives pass to $2 trillion coronavirus stimulus bill    Egyptian comedy icon George Sidhom dies at 81    UK health minister Hancock tests positive for coronavirus    UNRWA temporarily halts aid to Gaza over coronavirus    Russia calls for new enlarged OPEC deal to tackle oil demand collapse    Egypt exempts taxpayers from admin fees on income, VAT dues    Novartis: it's ‘too soon' to know whether malaria drug could be coronavirus vaccine    UK's Queen Elizabeth last saw PM Johnson on March 11, is in good health    Brazil scales back environmental enforcement amid coronavirus    Ahly to determine Fathi's future, wait for FIFA and FA's decision over Sobhi    China's Xi, speaking with Trump, calls on US to improve relations    South Africa reports first two coronavirus deaths as cases breach 1,000    Hungary to present post-coronavirus economic action plan in April: PM    African leaders agree to establish joint fund for combating Covid-19    CBE includes agricultural, aquaculture production firms in EGP 100bn industry support initiative    Coronavirus drives Egypt to slash FY 2019-2020 GDP growth target to 5.1% – minister    realme C3 and realme 6i Anticipate Their Fist Sale Announcements    Shooting Egypt's Ramadan television series in the time of coronavirus    Player contracts should be extended due to coronavirus: FIFA internal document    Egyptian court sentences five to death for vandalising gas pipeline, killing nine    5 Egyptian insurers vying to win Cairo Opera House policy bid    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    MSMEDA injects EGP10mln to covert to convert cars to natgas    PFA seeking talks with Premier League, EFL over coronavirus    COVID-19 to severely hit economies of sub-Saharan Africa: IMF    After curfew in Egypt, at least 15 killed in multi-car crash    Egypt's Finance Ministry allocates EGP 3.8bn to health sector to counter COVID-19    Al-Sisi welcomes consensus between government of South Sudan and opposition    Stay At Home: Ministry of Culture to publish free books online for public browsing    ‘We are here to boost the morale': Ahmed Zeidan, Egypt's ROOM Art Space& Café    U.S. Congress reaches deal on $2-trillion coronavirus aid package    IOC postpones Tokyo Olympics due to coronavirus pandemic    Water effects of the dam    Playing for time    What to watch to kill time in quarantine?    Japan PM Abe agree on delaying the Tokyo Olympics for one year    Film festivals continue postponement; alternative measures created amid spread of coronavirus    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Tom Hanks and wife Rita Wilson announced both test positive for coronavirus    Egypt's Islamic Scholar Mohamed Emara dies at 89    Tennis legend Maria Sharapova is retiring at 32    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





MAK Investments unveils Mӧvenpick resort in Marsa Alam's Port Ghalib project
Port Ghalib will have an operational marina harbour with a 1,000-yacht capacity, says Al Kharafi
Published in Daily News Egypt on 19 - 02 - 2020

MAK Group, through its investment arm in Egypt MAK Investment Holding Co. SAE, is expanding its hospitality portfolio in Port Ghalib resort on Egypt's Red Sea Riviera and signing a management agreement for a Mövenpick resort in Marsa Alam.
Port Ghalib Resort Company has partnered with Accor to operate the 350-key Mövenpick Port Ghalib as part of its first phase.
Port Ghalib mixed-used waterfront development on the Red Sea's western shore. The development will consist of 3 phases, and upon completion Port Ghalib will span 30m sqm with investments reaching $2bn.
When it opens in 2022, Mövenpick will be MAK Investments Holding's third property in Port Ghalib, located next to Marsa Alam International and part of a dynamic expansion plan to grow its portfolio in the increasingly popular holiday destination.
Hussam Al Kharafi, Chairperson of MAK Investments Holding Co. SAE, which also owns Marsa Alam International Airport, said, "The Port Ghalib development aims to put Marsa Alam on the map as a leading Red Sea destination, giving the economy a boost and creating thousands of jobs. With 350 rooms and suites; seven F&B venues including two specialty restaurants, an all-day dining outlet, a pool restaurant and bar, lounge bar, and lobby lounge; a large spa and fitness facility featuring a gym and five treatment rooms; as well as a swimming pool, kids' club, diving centre and several shops."
Al Kharafi added that the property will also feature 1,000 sqm of meeting and event spaces, catering to Egypt's expanding Meetings, incentives, conferences and exhibitions market, with local companies, as well as groups from the Middle East and Europe increasingly choosing the Red Sea for its value-for-money accommodation, world-class facilities, and year-round sunshine.
The Port Ghalib project will boost Marsa Alam's credentials as the place to stage corporate meetings and events, with key components like a golf course and waterpark in the plan, including water sports, an operational marina harbour with a 1,000-yacht capacity, and diving facilities. Residential and retail areas, as well as a hospital and language school are also planned, he noted


Clic here to read the story from its source.