Qatari Diar to develop Egyptian tourist projects

03 September 2009

Qatari Diar Real Estate Investment is planning to develop tourist projects in a number of cities in Egypt, the Peninsula has reported. The developer is currently working on its $1bn St Regis Cairo hotel, which will be operated by Starwood Hotels & Resorts and is scheduled to open in 2014, as well as a $450m resort at Sharm El Sheikh.

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