Al Dau Development invests EGP 2bn in 2 real estate projects

Shaimaa Al-Aees
2 Min Read
Al Dau Development

Real estate developer Al Dau Development, a member of Sami Saad Holding, has continued its implementation of its two projects in real estate development, Al Dau Heights and Al Dau Strand, both located in Hurghada.

Al Dau Development also targets launching a new mall, Al Dau Village, by the end of 2017.

Marketing manager at Al Dau Development, Bahaa Hefz Allah, said that the company’s investments exceed EGP 2bn in its real estate projects.

Hefz Allah added that despite the challenges that his company has faced since 2011, it has pumped new investments into its tourism projects Steigenberger Al Dau Beach Hotel and Steigenberger Aqua Magic.

Steigenberger Aqua Magic was launched in 2014 and includes 750 rooms and a water park, while Steigenberger Al Dau Beach Hotel is the company’s first resort in Hurghada and consists of 388 rooms.

Hefz Allah noted that the company is developing its two real estate projects through introducing hotel services inside the projects.

He pointed out that Steigenberger Al Dau Beach Hotel acquired 40 international awards due to the quality of its services.

Meanwhile, Steigenberger Aqua Magic acquired five international awards given in the water parks sector.

“The company is targeting promoting tourism to Egypt inside Hurghada through holding concerts with international singers,” Hefz Allah added.


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