The Saudi group has officially presented a proposal to the Cabinet, outlining its plan to develop around 10 hotels in the Sharm El-Sheikh area. These hotels will range from 4 to 5 stars and aim to offer a total of 3,000 hotel rooms.
Sources suggest that QIB is closer to winning the deal as it has plans to enter the Egyptian market and the deal’s value may reach EGP 22 billion, according to sources
Maait stressed the need to strengthen multilateral cooperation for innovative financing solutions to fill the gaps resulting from geopolitical tensions around the world resulting in huge financing pressures on emerging economies
No specific companies were disclosed but these four main sectors will be given priority: airports, telecommunications, banking, and insurance
