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Emerald Development plans to build EGP 1.5B hotel tower

Emerald Development plans to build EGP 1.5B hotel tower

ArabFinance: Emerald Development and Projects Management (EMDE) is planning to invest a sum of EGP 1.5 billion over the coming period, the CEO of Odin investments (ODIN) Hashim El Sayed told Al Mal Newspaper.

The company aims at building a hotel tower, El Sayed said, pointing out that the company owns a plot of land spanning 100,000 square meters at Corniche El Maadi.

Emerald Development targets achieving revenue of EGP 4 billion from this hotel tower, he remarked.

 

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