Palmier Real Estate to launch Marsa Matrouh tourist resort with investments worth EGP 140m
The resort will be located on 10 acres of land, says chairperson
The resort will be located on 10 acres of land, says chairperson
Financed with Saudi capital, the project has been dubbed the largest tourist resort
Ministry of Tourism working to increase tourist flow to Egypt by 20% by end of year, bringing tourist numbers up to 12 million
Accident rates increased 200% over the past four years due to lack of ministerial oversight on diving and other tourist services
Foreign Minister Nabil Fahmy is currently on a two-day visit to Spain
Egypt’s Finance Ministry rules that real estate taxes for hotels will now be determined by their “market replacement value”
In the resort city power cuts are exacerbated by airport police officers and security guard strikes