June 14 – The Port Ghalib project will have 23 internationally renowned hotels by the end of the second phase, said Kuwaiti based M.A. Kharifi Group on Monday. The project is being developed at a cost of $2 billion.
At the moment, there are four hotels operating at Port Ghalib, including The Palace by Intercontinental, The Oasis and The Sands by Crowne Plaza and The Marina Lodge.
“The tourism industry in Egypt is experiencing a steady growth and we are expecting a large turnout from across the globe over the next two years. This prompted us to increase the number of hotels on our property and we are delighted to state that Port Ghalib will have 23 world class hotels,” said Engineer Ibrahim Saleh, Vice President of the Kharafi Group, Egypt.
“In addition to investments in service, retail and entertainment businesses, Port Ghalib holds a number of other investment opportunities. These range from participatory opportunities with the main developers in core project components, to land purchases for secondary developers of resort hotels and residential communities,” added Saleh.
