Coral Signs First Venture in Cairo |
|
Share With Members!
Expansion part of HMH plan to develop 100 hotels by 2012Cairo's hotel landscape will soon welcome Coral Cosmopolitan Hotel - the first venture for Coral Hotels & Resorts in Egypt. This was announced at a special signing ceremony held at HMH - Hospitality Management Holdings stand at Arabian Travel Market.
Mr Abdel Aly Aziz, the owner of Coral Cosmopolitan Hotel said, 'We are extremely excited to be the first Coral hotel in Egypt. This new property is a definite boost to the range of accommodations now available in Cairo. With 85 rooms, two restaurants and two meeting rooms, Coral Cosmopolitan will offer outstanding facilities for both business and leisure travellers, and is set to open in the last quarter of 2010. I am heartened by HMH's continued commitment to the hospitality industry in the Middle East and look forward to a successful partnership and improvement of business and tourist infrastructure here.'
With the number of GCC travellers to Egypt going up, the country has been increasingly looking into ways of catering for the Arab demand. Michel Noblet, CEO, HMH, said the group's expansion into Egypt is a significant move given that Egypt remains a popular tourist destination. The economy in Egypt has been able to withstand to an extent the enormous impact of global recession on tourism despite overwhelming odds. In 2008, tourist arrivals touched a record 12.8 million, up 15 per cent on the year before, according to the Egyptian ministry of tourism. However, there has been a considerable drop in numbers this year.
Michel said the industry was bracing for challenging times, given the slowdown in both business and tourist travel as a result of the credit crunch, but Coral Hotel's philosophy of providing five-star accommodation at affordable prices was paying off. 'Coral Cosmopolitan will give us a strategic edge in Egypt and will prove to be our gateway for expansion within the region. The fact that we are choosing to go ahead with our expansion plans shows we are not just building for today but for tomorrow. We are committed to investing in the growth and infrastructure of world class hotels in the region and other emerging markets worldwide.'
Coral Hotels & Resorts has 15 fully operational hotels across the Middle East and five more poised to open in a span of few months. The chain is also expanding globally with several projects now underway in Africa and many more in the pipeline in Asia - a sector that is expected to grow rapidly both in terms of business and touristic travel.
-Ends-
For further information please contact:
Hina Bakht
Vice President
MPJ (Marketing Pro-Junction)
P.O Box 66232
Dubai - UAE
Mob: +971 50 6975146
Tel: + 971 4 2128305
Fax: +971 4 2277127
h.bakht@mpj-pr.com
www.mpj-pr.com
© Press Release 2009
Zawya is a distributor (and not a publisher) of content supplied by third parties and subscribers. Any opinions, advice, statements, services, offers, or other information or content expressed or made available by those third parties, including information providers, subscribers or other users of the Service, are those of the respective author(s) or distributor(s) and not of the Company. The Company neither endorses nor is responsible for the accuracy or reliability of any opinion, advice or statement made on the Service by anyone other than authorized Service employee spokespersons while acting in their official capacities. The Company is not responsible for any infringement of intellectual property rights or breach of any applicable law or regulation, including regulation in relation to financial services or the distribution of financial products, defamation, data protection, telecommunications (including regulations relating to excessive use, spamming or other abusive activities) or obscene, offensive or illegal content). Under no circumstances will the Company be liable for any loss or damage caused by a member's reliance on information obtained through the Service. It is the responsibility of member to evaluate the accuracy, completeness or usefulness of any information, opinion, advice or other content available through the Service. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
Read the full Member Agreement
http://www.zawya.com/legal/NewsLetter.cfm?name=disclaimer
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Loading ...Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Zuhair Fayez Partnership Consultants | Saudi Arabia | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Barwa Real Estate Company | Qatar | Landlords and Developers |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Qatar General Electricity and Water Corporation | Qatar | Electric Utilities |
| Ministry of Health - Kuwait | Kuwait | Ministries and Municipalities |
| Abu Dhabi Oil Refining Company | UAE | Oil |
| Mubadala Development Company | UAE | Investment Firms and Funds |
Projects
| Project Name | Country | Sector |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Dubai Racing Club - Meydan City - Meydan Racecourse | UAE | Real Estate |
| ADNOC/ConocoPhillips - Sour Gas Fields Development - Shah Field | UAE | Oil and Gas |