French luxury goods giant LVMH Moet Hennessy Louis Vuitton has announced plans for two exclusive hotels in Egypt and Oman, Bloomberg has reported. Under the Cheval Blanc brand, the $100m project will be developed in collaboration with Orascom Hotels and Development, with Orascom providing $40m and the rest coming from other investors and banks. The Maison Cheval Blanc in Oman is on the 11 square-kilometre island of Al Sodah and includes 32 private villas, while the development in Egypt is on the private island of Amoun in Aswan and will include about 40 suites overlooking the Nile, LVMH said.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.