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Global Sphere in Egypt deal

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The company will build a five-star hotel under the name of GS International Hotel in Egypt's Al Alamein area.

Published: Mon 27 Jul 2015, 12:00 AM

Updated: Mon 27 Jul 2015, 9:45 AM

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UAE investment company Global Sphere has signed a contract for its first tourism project in the Egypt's Al Alamein area.
The company will build a five-star hotel under the name of GS International Hotel. It will be the first hospitality project for the company planning to invest in a variety of projects there. The new property will comprise about 500 rooms with an estimated cost of around Dh750 million. Chairman Dr Abdullah Al Sayegh said the firm is studying a number of future investment projects in Egypt.



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