Cairo, Egypt – Shalakany is pleased to announce that it has acted as legal counsel for Steigenberger Hotels and Resorts Middle East in negotiating and concluding the Management and Operation Agreements with the New Urban Communities Authority (“NUCA”) and Misr Sinai for Tourism in relation to the huge touristic sovereign project “Al Tagally Al Aazam” in Saint Catherine City. The signing of the historic Agreements was witnessed by his excellency, the Egyptian Prime Minister Dr. Mostafa Madbouly.
Dr. Moataz El Mahdy, Senior Partner and Head of the Hotels and Tourism Department, remarked “we are very proud to have successfully handled the long negotiations of the Management Agreements. We managed to leverage our expertise in order to find favorable solutions. Special thanks to Mr. Tewfik El Kady, the Chairman and CEO of Steigenberger Middle East Hotels and Resorts, who took the lead and provided great support during the past two years to pave the way for the successful conclusion of this deal.”
