#Hotel Sell-Off
In a bid to confront its debt crisis, Egypt has embarked on a historic sale of its cherished assets, including the iconic Marriott Mena House hotel nestled near the Great Pyramids of Giza. Financed by Emirati investors, this USD 800 million (EGP 24 billion) deal marks a significant shift in Cairo's strategy to navigate its financial turmoil. Led by Hisham Talaat Moustafa, Egypt's largest real estate developer, the acquisition of seven heritage hotels includes renowned properties such as The Sofitel…
