Egyptian Dynamics Design and Build says it is negotiating to develop Kaza Club Hotel project in El Gouna, 464km (288 miles) from Cairo, at a cost approaching 300 million Egyptian pounds ($16.7 million).
“We expect to sign the contracts next month to develop the project within an 18-month timeframe,” construction director Ayman Saad El-Din said on Thursday.
The development works will include changing the architectural designs and landscapes, Saad El-Din told Amwal Al Ghad.
Moreover, the company is taking part in preparing the engineering designs of a number of hotels in Marsa Alam and Marina, in favour of a bunch of senior real estate investors, he added.
“We are in talks with Al Ahly for Real Estate Development and Mountain View to execute the finishing works of a number of phase of their residential projects,” Saad El-Din said.