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The total expenditures on Sharm El Sheikh Four Seasons extension project reached EGP 1.38 billion till December 31, 2015, Talaat Moustafa Group (TMG) Holding announced Thursday.
The project includes 99 hotels rooms and suites in addition to restaurants, meeting rooms, pools and other complementary services.
According to a statement, T M G Holding is set to complete the project operate operating it by start of 2019, revealing that it has finished the studies and the designs of the project then start carrying it out a number of years back.
TMG’s consolidated net profit has surged by 8.9% during the fiscal period till the of December 2015.
