Cooperation between Egypt and Tanzania    Grassroots politics: A story from Beheira    Eni reaches agreements with Egypt, Naturgy to restart operations at gas plant in Damietta    The end of the beginning    Biden administration    British troops protecting Saudi oil wells    19-year-old Jones sends Liverpool into last 16 with Ajax win    Atletico still not through as Mueller snatches draw for Bayern    Gana Hena play at Al-Ghad Theatre is a must go    A final battle    Euphoric Ahly edge close to treble after win over Ittihad in Egypt Cup semis    Upgrading transport    Italy reports 19,350 new coronavirus cases, 785 deaths: Health ministry    Free Devastation    Don't miss Britt Boutros Ghali's show at Picasso gallery    After 4.2 million COVID-19 cases in November, US pins hope on vaccine    France aiming for broader COVID-19 vaccination campaign in spring: Macron    Egypt's stock market indices close higher, EGX 30 hikes 0.89% on Tuesday    Moderna files for U.S. vaccine authorization, will seek EU nod    Pfizer, BioNTech apply for coronavirus vaccine approval in Europe    Egypt reports 370 new coronavirus cases, 14 deaths on Monday    Egypt to raise local components of locomotive industry to 45% – official    World Bank warns of 'prolonged depression' in Lebanon    Egypt's current account deficit jumps in April-June    Brexit unresolved, as EU, UK say big differences remain    Cairo International Book Fair suspended for five months over coronavirus concerns    US will reduce number of its troop in Iraq, Afghanistan    Asia forms world's biggest trade bloc, a China-backed group excluding U.S    Egypt unveils largest archaeological discovery in 2020 with over 100 intact sarcophagi    Trump says won't blame Egypt for being ‘upset' over GERD dispute with Ethiopia    1st stage of Egypt's parliamentary elections kicks off on Saturday    Global Finance: Egypt's Tarek Amer among the world's top 20 central bank governors    Legend footballer Lionel Messi says he is forced to stay with Barcelona    Egypt, Ethiopia, Sudan to resume Nile dam talks today    Iraqi conglomerate eyes developing land that housed Mubarak-era ruling party HQ    Legend Messi officially wants to leave Barcelona, hands transfer request    The Facebook Preacher's Search for Fame, and Egypt's Economy    Egypt calls on UNSC to address oil spill risks off Yemen coast    Egypt economically strong in face of COVID-19, reforms ongoing: International Cooperation Minister    Arafa Holding reports $144,000 COVID-19-related losses in April    Egypt's efforts in Libya to activate free will of Libyan people: Al-Sisi    Hyksos campaigns were internal takeover, not foreign invaders: study    COVID-19 affects Egypt sporting clubs    COVID-19 will soon turn to seasonal like swine flu: Presidential Health Advisor    ‘Egypt's Support' coalition convenes to discuss its Senate election list    Robbery attempt leads to discovery of Ptolemaic monuments in Qena    Flouting international guidance, Ethiopia unilaterally starts filling its Nile dam    Zaha speaks out after online racial abuse    







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
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.