Accor is expanding its footprint in Egypt with the opening of Movenpick Living and Residences in Cairo. Once open the property will feature 150 serviced apartments and 40 branded residences. The Group is partnering with Al Bourouj Misr Development, which operations started in 2012, with a visionary approach towards strategically responding to the diverse and evolving real estate market in Egypt, by offering a sustainable and diverse mix within a real estate portfolio comprised of construction and real estate developments of mixed-use contemporary, residential and commercial developments through its subsidiaries. “It is with great pride that we announce the inking of a partnership with Movenpick for one of the foremost iconic real estate projects by our company” mentioned Mohamed Assy, Vice Chairman of Al Bourouj Misr Development. “Our collaboration with Accor is a continuation to the company’s commitment of working hand in hand with reputed international brands to redefine the lifestyle of the new capital. We are confident that Sixty iconic tower with its modern and outstanding architectural design will be the first choice for those seeking uniqueness and tranquility in a next generation focal point of the business and financial district that is set to be Egypt’s most sought business and lifestyle destination.” The new Movenpick Living & Residences will be located in the New Capital City (NCC), Egypt, which features hospitality, residential, entertainment, commercial, retail components and government entities, including the presidential palace, parliament, cabinet, Supreme Court, all ministries of Egypt and various foreign embassies. “This is a very exciting project for Accor in Egypt”, says Mark Willis CEO of Accor India, Turkey, Middle East, and Africa. “This new addition will be introducing a unique offering to …
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