Millennium Hotels Global to operate Nile Developments’ Taycoon Tower at New Capital

Chairperson and Managing Director of Administrative Capital for Urban Development (ACUD) Khaled Abbas has attended Nile Developments’ ceremony of launching Taycoon Tower, Africa’s highest hotel, in the New Administrative Capital (NAC).

Abbas stated: “ACUD is in constant contact with all the developers to overcome challenges they face. Besides, the company is working hard to attract foreign investments, accordingly, the state provides all means of support for them to enter Egypt’s real estate market especially the NAC.”

He elaborated that the NAC project is not only a real estate project, but also opens new horizons for investment in many other economic sectors and investment in education, health and infrastructure sectors.

Chairpersons of Nile Developments Mohamed Taher said that his company has signed a new partnership with Millennium Hotels and Resorts to operate and manage Taycoon Tower hotel, a global trademark in hospitality management with 150 hotels operating around the world, which taps the Egyptian and African markets for the first time.