Global Sphere, a UAE based investment company, has signed an AED 750 million (US $204.1 million) contract for a new luxury hotel on the northern coast of Egypt.

Global Sphere adoption new luxury hotel on the northern coast of Egypt.

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Company plans a 500-room five-star resort on El Alamein area
Dubai, Monday, Dubai: Global Sphere, a prominent UAE investment company, has signed a contract to build a 500-room five-star resort, GS International Hotel, in El Alamein area on the northern coast of Egypt, with an investment outlay of Dh750 million.

El Alamein is a town in the northern Matrouh Governorate of Egypt. Located on the Mediterranean Sea, it lies 106 kilometres west of Alexandria and 240 kilometres northwest of Cairo. El Alamein is famous for the epic World War II battle between the Allied and the Axis forces in which the Allied forces emerged eventual victor and halted Adolf Hitler’s ambitions to conquer the rest of the world.

GS International Hotel is the company’s first hospitality project in a variety of other developments there.

http://www.khaleejtimes.com/business/local/global-sphere-in-egypt-deal

 

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