Arab Finance: Qatari Diar Egypt, one of the world's leading real estate developers, has launched “The Residences” at The St. Regis Cairo, according to an emailed press release on September 18th.

It is worth noting that the St. Regis Cairo has been launched with $1 billion in investments.

The project aims to bolster the tourism sector in Egypt as well as boost economic development.

It is set to create 5,000 job opportunities during the implementation phase, while employing over 1,000 individuals during the sustained operation of the hotel, residences, and their associated amenities.

“We have purposefully chosen to establish our presence in the heart of one of the world’s oldest capitals, Cairo, nestled gracefully along the banks of the Nile River,” Hamad bin Talal Al-Thani, Chief Development and Project Delivery Officer for Asia and Africa at Qatari Diar, said.

“This endeavor stands as a testament to the harmonious partnership between the Marriot International Group, The St. Regis Cairo, and Qatari Diar, aimed at manifesting the epitome of contemporary luxury,” he added.

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