Egypt considers launching national platform to mobilise green financing for private-sector industrial transformation    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egypt's enterprise agency injects EGP 2.2bn into Alexandria projects    Egyptian, Belarusian officials discuss drug registration, market access    Egypt's ARC, Italy's AICS sign deal to boost wheat production    Gold prices edge higher on July 16th    Egypt stocks hit record highs in 2025 as reforms fuel rally: Cabinet    Egypt condemns Israeli strikes on Lebanon, Syria    Syria says it will defend its territory after Israeli strikes in Suwayda    Egypt urges EU support for Gaza ceasefire, reconstruction at Brussels talks    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Egypt's Health Min. discusses drug localisation with Sandoz    Egypt, Mexico explore joint action on environment, sustainability    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM urges BRICS to prioritise peace    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt's GAH, Spain's Konecta discuss digital health partnership    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    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.