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Monday, 11 April 2016

Al-Tayyar Travel Group increases investments to EGP 13 bn over five years

Al-Tayyar Travel Group Egypt, a subsidiary of the Saudi Al-Tayyar Travel Group Holding, is looking to increase its investments in Egypt to EGP 13 bn over five years from the current EGP 8 bn, said Managing Director Yousry Abdel Wahab, noting that the investments are tentative on government facilities to investors. The company will inaugurate the Orlando 2 resort in Ain El Sokhna at the end of the year with an investment value of EGP 400 mn, he added, as well as the Doubletree by Hilton in 2017 with a self-funded investment value of EGP 200 mn. (Read in Arabic)

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