REMAR PROPERTIES TO INVEST $800 MILLION IN EGYPT





Manuel Ros achieve another of its planned mission to expand its group.

The Italian businessman Manuel Ros and Chairman of REMAR GROUP is to invest more than $800 million in hotels in Egypt through REMAR PROPERTIES, a subsidiary company of the holding. The announcement comes after the Egyptian parliament recently adopted a new law aimed at attracting foreign investment to reinvigorate the struggling economy.

The investment would be distributed in hotels that will be located over several locations, including the expansion of the Four-Season Resort in the Southern Sinai, transforming into “the biggest resort in that area”.

New hotels would also be built in the Mediterranean town of Al Alameen and in the Madinaty Coast of Cairo, the investment of REMAR PROPERTIES was “expected to surpass about $800 million” and the projects would be carried out with Egyptian real estate developers in partnership with other investors.

The present announce represent once again the progressive growth performed by REMAR GROUP along with the successful management methods expressed by Manuel Ros that affirm one more time having a winner vision.

Press release distributed by Pressat on behalf of FINANCIAL POST, on Thursday 12 March, 2020. For more information subscribe and follow https://pressat.co.uk/


Manuel Ros Remar Finsor Roswealth Italy Dubai London New York Finance Banking Investment Money Equity Corporate Group Deal Business & Finance
Published By

FINANCIAL POST
klewis@financialpost.com
https://financialpost.com/
Visit Newsroom

Media

No media attached. Please contact FINANCIAL POST for more information.


Additional PR Formats


You just read:

REMAR PROPERTIES TO INVEST $800 MILLION IN EGYPT