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Country-Plan Projects and Tenders |
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7346 Subject |
تعاقد بين جهات محلية واوربية في مجال السياحة وتعمير الساحل الشمالي الغربي More details released on the deal concluded with TUI Group of Germany to revamp Egypt North West Coast. |
| Date Published | Saturday, November 06, 2004 |
| Source Name | Asharq Al Awsat |
| Location Name | Matrouh |
| Description | More details released on the deal concluded with TUI Group of Germany to revamp Egypt North West Coast. Project involves the building of six hotels, 300 room each, under $ 600 million estimated investments, for completion in 5 years. Deal involves TUI Group of Germany, TDA - Tourist Development Authority & Travco Group of Mr. Hamed Al Shiati. Deal provides for the establishment of Ras Hewala Co. to implement the giant project to occupy 1.8 million M2 areas. [Earlier media reports indicated that TUI controls almost 37 % of Europe tour operators business with operating revenues in 2003 put at Euro 12.7 billion]. |
| Sectors Section |
Beneficiary Sectors - Construction Projects Hotels & Tourist Development |
