Remco for Touristic Villages
Construction plans to sell its Grand Hotel property to Incolease
to help fund new projects, Al Alam Al Youm reported, citing
President Ayoub Adly Ayoub.
Remco will lease back the hotel, the Cairo-based business
newspaper quoted Ayoub as saying. The company is negotiating the
purchase of a land plot for a residential and touristic project,
he said in the report.
To contact the reporter on this story:
Alaa Shahine in Cairo at
To contact the editor responsible for this story:
Peter Hirschberg at
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