Contracts for six new hotels in Egypt

Six contracts were signed today in Cairo between the Accor Group, owner of numerous hotels in the Middle East, on the margin of the first fair for tourism and travel in the Mediterranean Sea region, which is considered the first Egyptian stock market for tourism.

Fathi Nour, manager of Accor company told ArabicNews.com that the contracts include two hotels the cities of Abu Simbel and Sharm El-Sheikh, in addition to four floating hotels in Cairo, Luxor, Alexandria and Aswan.

He stated that his company is planning to run more than 50,000 hotel rooms in Egypt during the next five years.