The group has partnered with Port Ghalib Resort Company, a subsidiary of the privately owned conglomerate, Mohammed Abdulmohsin Al Kharafi Group and Sons Company (MAK Group) through MAK Investments Holding the group’s investment arm in Egypt.
The agreement is to operate the 350-key Mövenpick Port Ghalib as part of the phase one prestigious USD2 billion Port Ghalib mixed-used waterfront development on the Red Sea’s western shore. The development will consist of three phases, and upon completion Port Ghalib will span 30 million m2.
When it opens in 2022, it will be the fifth Mövenpick property on Egypt’s Riviera, growing Accor’s presence in the increasingly popular holiday destination to 12 properties across four brands.
Strategically located next to Marsa Alam International Airport and the centrepiece of the city’s flagship integrated resort community on 18km of pristine shoreline, Mövenpick Port Ghalib is expected to become the resort of choice for guests from key Red Sea source markets, primarily the GCC, Europe and CIS countries, as well as holidaying Egyptians.