Shalakany is delighted to announce that they have acted as lead counsel for the Wings Group (one of the most prominent Egyptian hotels and tourism players and a longstanding client of the firm) in its joint venture with one of the leading luxury international river cruise operators AMAWaterways. The joint venture envisages investing in luxury cruise ships and operating Nile cruises with the aim of becoming a leading player in the Egyptian cruise industry.
Moataz El Mahdy, head of the Hotels and Tourism practice of the Firm, remarked: “We are very pleased to announce this joint venture. This partnership will surely help to enhance and enrich river cruising activities and services in Egypt.”
Omar Sherif, the lead partner on the transaction, said: “We are proud to have assisted Wings in a way that will make use of the relatively untapped market of river cruising.”
