Hamzawy Holding is preparing to open the first phase of Helnan Port Fouad project in the coming period.

Tamer El-Hamzawy, president and owner of Hamzawy Holding said that his company has contracted with a group of companies specialized in furnishing serviced units, landscaping and beautification by planting flower plants to develop a green area, which comprises 80% of the project area and in line with geographical and environmental nature and climatic conditions of Port Fouad city.

El-Hamzawy explained that 95% of construction works have been completed. The hotel will be managed by Helnan International Hotels for the first time in Port Said and Port Fouad.

He noted that the total investments of the project exceeded EGP 270m, pointed out that the company has succeeded in increasing the project capacity from 269 units divided into 76 chalets and 193 units to be 455 serviced apartments and a five-star suite, in addition to 108 residential units and 22 villas.

He added that it is planned to employ 90% of the Port Said workers in the project, while the remaining 10% is limited to bringing in rare experiences in the company to train new young cadres, provided that appointments and tests will be opened soon in preparation for the opening of the Helnan Port Fouad Hotel.

He pointed out that an exploitation contract was signed between Port Said governorate and Hamzawy Holding by the end of 2019 to exploit the formerly Morgan Touristic Village and Helnan Port Fouad resort to manage the project for a period of 25 years.

Governor of Port Said Major General Adel Ghadban and a delegation from House of Representatives’ Local Administration Committee, visited the project as well as they praised level of development and outstanding achievement implemented by Hamzawy Holding in the project.

For his part, Head of Local Administration Committee at the Egyptian House of Representatives Ahmed Al-Sigini applauded development of the project, which makes it a huge tourist achievement located in a unique location in Port Fouad.

Al-Sigini added, “The project is a new boom through which Port Said will be put on tourism map, exploit its unique location, and complete development projects that are being held on the land of Port Said.”

He thanked all those in charge of the development and promised a new visit to the resort after the completion of its opening and operation.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.