Senior owner representative of Taba Heights Resort Emad Eltrabishy said that Orascom Hotel Management (OHM), the owner of Taba Heights, invested EGP 12.5bn in the project after flotation. The volume of investments in Taba Heights is estimated at EGP 12.5bn following the decision to liberalise the exchange rate. How many of Taba Height’s hotels are operational? Club Med Sinai Bay is one of the resorts of Taba Heights, which is a unique resort situated in a beautifully preserved bay between two mountains. The income for the six hotels in Taba Heights is EGP 50m annually, while employees’ salaries are EGP 54m.

Source: Daily News Egypt July 13, 2017 07:41 UTC