PROJECTS: Egypt's Al-Borouj Misr appoints Accor to operate five-star hotel in New Administrative Capital

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Egyptian developer Al-Borouj Misr has appointed France-headquartered global hospitality company Accor to operate the five-star hotel within its Sixty Iconic Tower project in the New Administrative Capital (NAC), the company vice-chairman said.

Mohamed Assy told Zawya Projects that the 190-key Mövenpick hotel would be housed in the top 10 floors of the 43-storey tower.

He said enabling works have started at the Sixty Iconic Tower project site, adding that the company is targeting 3 billion pounds ($191 million) of sales revenue from the project.

In March, Zawya Projects had reported that the tower would be delivered in 2024.

(1 US Dollar = 15.71 Egyptian Pounds)

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@refinitiv.com)

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