The Egyptian Ministry of Industry and Foreign Trade formed a committee to set the specifications and evaluate the offers of the companies that seek to the hotel investment. This procedure is included in the ministry’s preparations for offering a 4 star hotel by the public private partnership (PPP), on an area of 30.000 square meters in Cairo International Convention and Exhibition Center.
Eng. Hatem Saleh, Minister of Industry, said the expected investments for the hotel project are $ 70 million. It will provide 200 direct and indirect job opportunities, and its capacity is 300 rooms and 24 wings.
The minister also mentioned that next May the work in establishing the conventions cities would be resumed, after the constructions suspended due to the financial disputes between Cairo Convention Center and the Chinese company, which implements the project.
These statements came during the meeting with Chinese company, in the presence of the Chinese commercial advisor. The Chinese company confirmed its acceptance to resume implementing the project, which its costs are 400 million Yuan.
