Kemal Şahin's Massive Tourism Investment in Egypt
Şahinler Holding Chairman of the Board Kemal Şahin, is planning an investment in Egypt exceeding a total of 100 million dollars. 60 million dollars of this will be allocated to the tourism sector.
According to news based on Arab media by N24, the holding company plans to establish a new 50 thousand square meter factory for Zara production in Cairo. On the tourism side, the MegaSaray brand is considering a luxury resort investment with approximately 700 rooms on the Red Sea coast or in Sharm El Sheikh.
This step will be Şahinler Holding's first tourism venture outside of Turkey. The company currently operates in Turkey with its Megasaray Club Belek, Megasaray Westbeach Antalya, Megasaray Resort Side, and Megasaray Mount Erciyes hotels.
