Multinational conglomerate Chaudhary Group seeks to invest in Egypt’s thriving tourism sector

EGYPT – Egypt’s thriving and steadily improving tourism sector has attracted the attention of Chaudhary Group, a multinational conglomerate, which has since made public its intentions to invest in Egyptian hotels, especially in Cairo. Data from the Central Bank of Egypt’s balance of payment show that Egypt’s tourism sector revenues achieved an unprecedented increase, increasing by 28.2% during the last fiscal year, recording US$12.570 billion, compared to only US$9.804 billion achieved during the 2017/2018 period. Chaudhary Group’s Managing Director Nirvana Chaudhary stated that the group pays a great importance to…

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