Al Ismaelia for Real Estate Investment plans EGP 350M in hotel development

Updated 8/22/2024 8:07:00 AM
Al Ismaelia for Real Estate Investment plans EGP 350M in hotel development

Arab Finance: Downtown Cairo-focused real estate firm Al Ismaelia for Real Estate Investment is planing to invest EGP 300 million in developing two new hotels and an additional EGP 50 million in hotel apartments in downtown Cairo, Al Borsa News reported.

Construction is set to begin early next year, with completion targeted by the end of the year, adding around 120 new units to the downtown area’s hotel capacity.

Founded in 2008, Al Ismaelia for Real Estate Investment focuses on restoring historical properties in downtown Cairo, offering residential, commercial, administrative, entertainment, and hospitality spaces in heritage buildings. 

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