Egypt-UAE consortium bets EUR200mn on Morocco’s long-stalled Essaouira Mogador resort

Egypt-UAE consortium bets EUR200mn on Morocco’s long-stalled Essaouira Mogador resort

The three-way alliance, comprising UAE-based Al Nowais Investments, Egypt’s Sunrise Resorts & Cruises and billionaire Samih Sawiris investing through his Luxembourg-registered vehicle SOSTNT, has taken full ownership of SAEMOG — Société…

Egypt-UAE consortium bets EUR200mn on Morocco’s long-stalled Essaouira Mogador resort Read Post »