Finance Ministry presents three new investor facilitation packages to PM to boost investment climate    Egypt, Bahrain explore deeper cooperation on water resource management    Egypt condemns Israeli offensive in Gaza City, warns of grave regional consequences    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    African trade ministers meet in Cairo to push forward with AfCFTA    Egypt's President, Pakistan's PM condemn Israeli attack on Qatar    Egypt signs MoUs with 3 European universities to advance architecture, urban studies    Madrid trade talks focus on TikTok as US and China seek agreement    Egypt wins Aga Khan Award for Architecture for Esna revival project    Egypt's gold prices hold steady on Sep. 15th    Egypt's Sisi, Qatar's Emir condemn Israeli strikes, call for Gaza ceasefire    Egypt condemns terrorist attack in northwest Pakistan    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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



Al Bawaba debuts 60-feddan tourism project in Fayoum
Company is preparing to launch its Beach Club project in Nuweiba to serve tourist delegations in Aqaba and South Sinai, says CEO
Shaimaa Al Aees Published in Daily News Egypt on 23 - 02 - 2020

Al Bawaba for Development and Tourism Investments intends to develop a hotel project on an area of 60 feddan in Fayoum, according to CEO and Founder Emad El Tarabishy.
El Tarabishy told Daily News Egypt that the project is a floating hotel in addition to serviced apartments, with investments amounting to EGP 100m, noting that the resort's licences are underway.
He noted that the company plans to begin the project's implementation in 2021 and will be developed over two years.
Additionally, Al Bawaba is preparing to launch its Beach Club project in Nuweiba, South Sinai to serve tourists in Aqaba and South Sinai, he said, adding that the initial investments for the project amounted to about EGP 3-5m.
"The company aims to run hotels in Damietta, Mansoura, Marsa Alam, and Red Sea as the most promising tourist areas during the coming period," he pointed out. "Moreover, Al Bawaba company plans to manage two hotels in Marsa Alam, the first with a capacity of 40 rooms and the second with 450 rooms."
He further said that his company has recently agreed with Aljaidaa Travel to manage these hotels and inject financial liquidity for a period of three years, ending with a 30% acquisition of Aljaidaa Travel shares.
El Tarabishy explained that Aljaidaa Travel is classified as a first category tourism company and has branches in Taba, Marsa Alam, Alexandria, and Cairo.
He said that the Marsa Alam area is a promising tourist destination and is a favourite for many nationalities, especially arrivals from Germany and France.
The company is preparing to participate in foreign tourism exhibitions in an attempt to develop a promotional plan that includes participation in the world's leading travel trade show, ITB Berlin which is taking place from 4 to 8 March, the. They will be able to do this through Al Bawaba and Aljaidaa Travel companies with the aim of concluding new contracts and promoting the Nuweiba area in general, he concluded.

Clic here to read the story from its source.