Complex Made Simple

Egyptian Resorts to commence marine build in Q4

Egyptian Resorts has joined hands with Orascom Development to begin the building of their Sahl Hasheesh marina in the fourth quarter of 2011, Al Mal has reported. Egyptian Resorts Investor Relations Manager Abu Bakr Makhlouf has said that the two companies are seeking construction firms to complete the marina in the Sawari project on the Red Sea for a preliminary cost of around EGP2.66bn ($444m).