The Egyptian government has given initial approval for the establishment of a $150 million administrative tourist project along the Giza boardwalks, reports London based Al-Hayat daily.
This project was launched jointly by the Saudi Emir Faisal Bin Muqren Bin Abdul-Aziz and Egyptian businessman Majdi Yakoub.
The complex includes two linked towers, one of which will serve as a 34-floor hotel, while the other will be used as an administrative building. The towers are considered the tallest buildings in the region.
According to the Egyptian Tourism Minister, Mamdouh Beltajeh, 503,542 tourists arrived in Egypt in April 2001, and 513,036 tourists arrived in March 2001. During the period January through April 2001, 1.8 million tourists visited Egypt, a 4.4 percent decline compared with the first four months of the previous year. –(MENA Report)
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