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From left: Nasser Abel Latif, chairman, Latif Group of Companies and Alex Kyriakidis From left: Nasser Abel Latif, chairman, Latif Group of Companies and Alex Kyriakidis

The Ritz-Carlton to Open in Sharm El Sheikh

Marriott International signed a management agreement with Latif Group of Companies to bring The Ritz-Carlton, Sharm el-Sheikh Resort to the Sinai Peninsula.

Located in Sharks Bay, the hotel is expected to welcome its first guests in 2020.

The USD600 million project will boast 252 rooms, including 12 villas, three restaurants, a number of pools, destination spa with private treatment suites and a range of water sports activities, as well as what is hailed the biggest shopping complex in Sharm El Sheikh.

"We believe in Egypt," reaffirmed the company's commitment to the North African country Alex Kyriakidis, president, Middle East and Africa, Marriott International, saying that the deal furthers the hotelier's vision for growth and prosperity in an enigmatic destination.