Egypt’s TSFE to wrap up sale of 7 hotels by end-2023: Soliman

Updated 11/12/2023 7:40:00 AM
Egypt’s TSFE to wrap up sale of 7 hotels by end-2023: Soliman

Arab Finance: Egypt will conclude the sale of seven hotels, including historic ones, by the end of 2023, Head of The Sovereign Fund of Egypt (TSFE) Ayman Soliman told Reuters.

“It has been awarded. So, we are now in partnership moving towards a close before the end of the year, closing with the winning investors,” Soliman said.

“They are going to turn around those trophy assets in Egypt, and with a view of taking those public as well,” he added.

The hotels include the Cataract in Aswan, the Winter in Luxor, the Mena House in Cairo, and the Cecil in Alexandria.

Related News