Sawiris plans to establish four new hotels in Egypt ...Egypt

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Sawiris plans to establish four new hotels in Egypt
Egyptian billionaire Naguib Sawiris plans to establish four hotels in Egypt, with investments ranging between US$200 and $300 million through Orascom Investment Holding, he said. “We plan to establish two hotels in the North Coast, another in Cairo, and a hotel in the Pyramids area,” Sawiris added during the fourth annual Hapi conference, on Wednesday. He explained that Orascom Investment Holding plans to work in Africa, especially to invest in new and renewable energy, as it has some of the most attractive countries for energy investment due to its high prices and the continent’s growing needs for electricity and energy. The company is studying establishing electric car charging stations in

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