UAE FACIL to operate Al-Taameer Al-Arabia's hotel in NAC

Ahmed Osama: 60% increase in the company's investments in the Egyptian market within two years ... and the agreement aims to provide our clients with investment revenues.

Julie Shields: The contract with Al-Taameer Al-Arabia is a robust addition to the Emirati group in the Egyptian market ... Jumeirah, Movenpick, Radisson and Versace are our most precious customers.

Al-Tameer Al-Arabia for Development and Real Estate Investment entered into agreement with the UAE "FACIL" International Group, aleading firm specializingin managing international hotels, to manage the "Rivan Tower" project, the company's latest projects in NAC’sDown Town area.

Sealing a contract with the UAE's FACIL Group shows offthe keenness of the "Al-Tameer Al-Arabia" company for development and real estate investment "The Egyptian-Saudi partnership" to offer a new and different real estate product that provides international hospitality services, and thus providing a real addition to Egypt’sreal estate sector, together withyieldingan investment return for the target customers who invest in the company's projects.

The terms of the agreement between the Al-Tameer Arabian for Development and Real Estate Investment and the UAE's International Group "FACIL" include the provision of hotel services and management for the residential activities of the company's projects in the New Administrative Capital, owing to the experience and specialization of the Emirati group in this regard, along withleasing hotel units to the project's clients. The terms of the contract were signed by Mr. Ahmed Osama,head of the commercial sector at Al-Tameer Al-Arabia Company and Mrs. Julie Shields, CEO of the UAE FACIL Group of Companies.

Ahmed Osama, head of the commercial sector at Al-Tameer Arabian for Development and Real Estate Investment, said that this contract reflects the company's keenness to provide a real estate product with world-class specifications, asthe Emirati "FACIL" group already operates international hotel chains, including the Hilton Group, Jumeirah, Redson, Fersk and Movenpick in the UAE.

Osama explained that Al-Tameer Al-Arabian always seeks to provide new services for customers who want to invest and achieve a return on the hotel unit owned by him in addition to raising the market value of the company's projects in the Egyptian market, asthe company has new property expansion plans to unfoldinthe coming period.

Head of the commercial sector hailed this contract, forreflectingthe company's care for its customers that provides a new real estate product and achieves gains and returns from the start of operation in addition to providing international quality hotel services aimed at preserving the investment value of the project.

Osama said that the investments of Al-Tameer Arabian Company increased up to 60% in the Egyptian market as it reached 5 billion pounds in real estate projects, besides other investments in industry and agriculture sectors.

From her part, Julie Shields, CEO of the Emirati "FACIL" global group , said that she is very happy to conclude this contract with Al-Tameer Alrabian, withit succeedingin increasing its investments in the Egyptian market and owninga portfolio of projects that reflect the strength of the company and its financial solvency.

Shields explained that the group aims to provide a unique hotel management service with international specifications, like the rest of its projects all over the world, especially the United Arab Emirates, as it manages famous international hotel chains, like the Jumeirah Hotel Chain, Movenpick, Fersk and Radison International.

The CEO of the Emirati "FACIL" group added that the engineering designs and plans for Altameer Arabian projects reflect the company's keenness to choose the best designs ever in hotel facilities, noting that global services and management will be provided for the company's projects after the completion of their implementation and start of operation.