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Thursday, 1 November 2018

Misr Italia looks to develop two hotels at Mousa Coast

Misr Italia for Real Estate Investment is planning to develop two hotels in Ras Sudr’s Mousa Coast in the upcoming period, Chairman Hanny El Assal said. The project — which will be developed over three phases — is expected to add 1,000 hotel rooms to the area. The first phase is expected to cost around EUR 30 mn, according to El Assal, part of which will be financed through bank loans. Misr Italia is looking to establish a medical tourism resort in the area. No further details on either project were provided.

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