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