Arab Finance: Prime Minister Mostafa Madbouly witnessed the signing of a hotel management agreement between Gazelle Real Estate and Turkish hospitality group Titanic Hotels to manage the Titanic Luxury Collection hotel in Sharm El-Sheikh.
With investments totaling $180 million, the hospitality project features a one-kilometer beachfront, 560 hotel rooms, and 60 villas.
The five-star hotel offers a range of facilities and services, including sports courts, an aqua park, a banquet hall, multiple restaurants, and a full-service spa.
Meanwhile, construction and operational preparations have been completed, with final arrangements underway for a soft opening within the next 30 days.
The selection of Titanic Hotels aims to leverage the Turkish hospitality group's international operating standards and service expertise in the Egyptian market, ensuring a luxury guest experience aligned with global quality benchmarks.
