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Selling of 17 Egyptian hotels during the coming weeks
Egypt, Business, 4/10/1998
The Egyptian Ministry of Public Works sector decided to combine the 17 hotels into one company under the umbrella of the Egyptian Hotels' Company as a preliminary step to its privatization.
Mohamed Bakir, deputy head of the Holding Company for Housing and Tourism said that the privatization of the hotels has just begun within the last week by putting up the hotels of San Stefano for sale.
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