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The opening of the “Rixos Premium Magawish” hotel in Hurghada at a cost of 1.2 billion pounds

Tawfiq: The state is keen to encourage the private sector...and development work with fruitful cooperation between the public business sector and the private sector The second phase of the village's development includes the construction of three hotels as a hotel real estate investment, comprising about 300 suites.

Hisham Tawfik, Minister of Public Business Sector, and Dr. Khaled El-Anany, Minister of Tourism and Antiquities, inaugurated the “Rixos Premium” hotel in the tourist village of “Magawish” in the city of Hurghada in the Red Sea Governorate, in the presence of Major General Amr Hanafi, Governor of the Red Sea, a number of ambassadors and senior officials, and tourist investor Nasser Abdul Latif, owner of the Rixos Hotels Group, a number of officials from the relevant ministries and the Holding Company for Tourism and Hotels. The Minister of Business Sector said: The opening of the Rixos Premium Magawish Hotel comes as one of the development works of the tourist village of Magawish, owned by the Misr Tourism Company, within the framework of the efforts of the Ministry of Public Business Sector and the Holding Company for Tourism and Hotels to develop its hotels and tourist facilities, as a stage Prior to the comprehensive development of the village, it also comes within the framework of the ministry’s efforts to optimally invest the unused vacant lands in the village. He added: The state is keen to encourage the private sector to engage with all its weight in the national projects that it is implementing, and all other projects in various sectors, especially the tourism sector, which has been greatly affected during the past period, and we are working to support it with many measures, decisions, and initiatives, which requires entry The private sector as an important partner at this stage to complete development efforts alongside the government and business sectors, pointing out that the development work that took place in this tourist village comes within the framework of fruitful and constructive cooperation between the public business sector and the private sector, especially in the tourism and hotel fields, and we hope More private sector cooperation in the coming period. The Minister of Public Business Sector referred to the volume of business, which was the result of the partnership contract, which was signed between the two companies, “Misr Tourism” and “Wadi Degla Investments,” which is the best offer for the comprehensive development of Magawish village to a level higher than 5 stars, in addition to land use. Space for Magawish Village. The minister said: The development work of the village included raising the efficiency of the infrastructure in an integrated manner, in addition to restaurants, swimming pools, public areas, service areas and recreational areas, and marine and beach activities. The development of the Magawish Hotel also includes about 500 rooms and suites in the first phase, according to the specifications of the company. Managing Rixos International Hotels, with a total investment cost of 1.2 billion pounds, pointing out that the second phase of the village’s development includes the establishment of three hotels as a hotel real estate investment, comprising about 300 hotel suites. The Minister of Business Sector indicated that “Misr Tourism” company, according to this participation, obtains 27% of the revenues with a share of 720 million pounds, with a guaranteed minimum of 450 million pounds, in addition to 14 million pounds, increased annually by 10%, and it obtains 1.5% of the net operating profit. The village, in addition to an in-kind share for the Misr Tourism Company, represented in the construction of a 4-star hotel in Ain Sukhna, with a hotel capacity of 400 rooms without furnishing. For his part, the tourist investor Nasser Abdel Latif, owner of the “Rixos” group, welcomed the ministers, governors and accompanying officials, expressing his happiness with the opening of the “Rixos Premium Magawish” hotel, which comes as a culmination of the partnership between the public business sector and the private sector to develop the Magawish Tourist Village, which represents a source To be proud of any investor who seeks to participate in the efforts made by the state, led by President Abdel Fattah Al-Sisi, to develop the tourism sector, and also within the framework of the state’s efforts to develop all tourist facilities, despite the exceptional circumstances that Egypt and the world are going through as a result of the crisis of the spread of the Corona virus. Nasser Abdul Latif said: During the development of Rixos Magawish Village, we were keen to be a tourist resort that competes with the largest integrated global resorts, and be a tourist destination throughout the year, especially with the distinct climate that it is characterized by on the Red Sea coast. The tourist investor thanked President Sisi and the government for the continuous support of the tourism sector and its workers, stressing the alignment of the private sector with the state and the government, for its development and implementation of all tourism projects that would bring about a strong recovery for this sector.

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The inner sanctuary, I throw myself down among the tall grass by the trickling stream; and, as I lie close to the earth, a thousand unknown plants are noticed by me: when I hear the buzz of the little world among the stalks, and grow familiar with the countless indescribable forms of the insects and flies, then I feel the presence of the Almighty, who formed us in his own image, and the breath

A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart. I am alone, and feel the charm of existence in this spot, which was created For the bliss of souls like mine. I am so happy, my dear friend, so absorbed in

  • A wonderful serenity has taken possession
  • Of my entire soul, like these sweet mornings of spring which
  • I enjoy with my whole heart.
  • I am alone, and feel the charm of existence
  • This spot, which was created For the bliss of souls like mine.
  • I am so happy, my dear friend, so absorbed in

 

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