Emirates Heights focuses on residential tourism
Published by Irhal
June 11 - Yafamic Touristic Company, majority owners of Emirates Heights, held a press conference today and said it will work to increase residential tourism in Egypt through its project in the North Coast. Emirates Heights has seen a steady increase in the number of units held by foreigners, reaching 5,000 by the end of 2009, and aims to tap into this sector's potential. Egypt’s Ministry of Tourism has been…
Recently the Ministry of Tourism and Mortgage Finance Authority have been working at promoting residential tourism by giving foreigners disbursements equal to 65 percent of the value of any unit they wish to buy, in any governate. Engineer Samy El-Korany said “Recently, the ETA's strategy has shifted to focus on the diversity of the country and attract more tourists to the Red Sea area, Alexandria, and Cairo. We are proud to be a part of Egypt’s strategy to provide regional tourism and we will be working tirelessly to make Egypt proud to have Emirate’s Heights as a component of their investment portfolio.” El-Korany is Chairman of the Board of Directors of Yafamic Tourist Company.
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