The owner company: The Holding Company for Tourism and Hotels.

Level: 3 stars.

Location: Ras Al Bar.

Project data: The current building will be developed with a 60 hotel rooms at a level of 3 stars, so that the project is integrated with its elements and components and at a distinct level –

The holding company pumps 45 million pounds of the total expected cost, estimated at 125 million pounds.

The Holding Company for Tourism and Hotels gets 50% of the profits during the first 15 for operation, and the Holding Company for Tourism and Hotels receives 75% of the profits during the 10 years after the first 15 years.

Investment value: 125 000 000 pounds.

Finance: joint financing from the holding company and investor “Arkan Company”

(Financing the holding company with a maximum of 45 million pounds).

Contracting: The right to use from Damietta Governorate.

Management: Arabian Kanadian Companion for Hotel Management and Tourist Resorts (Arkan) “Investor and Director”.

The implementation period and the expected date of the opening: The license was received on 11/2023, and the implementation was started, where it is scheduled to be completed in about 18 months, or half 2025

Achievement rate: 37%