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EMPC to buy 55% of M?venpick Hotel Cairo-Media City

EMPC to buy 55% of M?venpick Hotel Cairo-Media City

ArabFinance: Egyptian Media Production City's (EMPC) (MPRC) Board of Directors (BoD) approved purchasing 3 floors in building number 160 at El-Agouza street with EGP 102 million. The BoD convened on June 15, 2019. 

It also approved buying Egyptian Company For Investment, Arab Contractors, Arab Contractors for Investment and Egyptian International Construction stakes in Mövenpick Hotel Cairo-Media City, which are 55.3% of its capital. 

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