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HOTAC asks for a plot in Marsa Alam to implement a project

Tuesday 06 November 2018 01:11 PM

chairperson of HOTAC Mervat Hattaba.
chairperson of HOTAC Mervat Hattaba.

By Ahmed Ashour:
The Holding Company for Tourism and Hotels (HOTAC) has requested Tourism Development Authority (TDA) to obtain a land plot in Marsa Alm to carry out a tourism hospitality project by its subsidiary firms, according to sources.
HOTAC has asked for plots from TDA instead of entering into a partnership on a land plot owned by Al- Ahram Foundation to take advantage of the authority’s low prices.
The chairperson of HCTH Mervat Hattaba said last July that he company was exploring the feasibility of partnering in exploiting an area of 48,000 sq. meter in a touristic project at Marsa Alm Resort through tying up with Al-Ahram Foundation, Misr Hotels and EGOTH by creating a joint entity.