Saudi-Egyptian Construction Company (Secon) plans to build the first five-star hotel on the Corniche El Nile at Maadi, an affluent district in the south of Cairo, Egypt, said a report.
Secon is jointly owned by the Saudi and Egyptian governments. The company has reached an agreement with hospitality giant Hilton to manage the property, which will be named Hilton Maadi, reported the Daily News Egypt.
Additionally, Secon is also planning to build a tourist residential tower at Maadi. In New Cairo, it is set to build about 2,000 housing units in New Assiut.