Egyptian billionaire interested in investing in Serbian tourism

Egyptian billionaire Nasser Abdul Latif, owner of Egypt’s most expensive hotels, plans to invest hundreds of millions of euros in Serbia, probably in Šumadija and southern Serbia, where he would like to build luxury hotel complexes and private villas, writes Informer.

Abdul Latif is one of Egypt’s largest investors in tourism, owner of four Rixos hotels, and has recently signed contracts with the Ritz-Carlton and Marriott hotel chains. His company mainly focuses on long-term investments and tourism development, mostly residential, and has built large tourist complexes and resorts, private villas and various accompanying facilities.

Mufti Mustafa Jusufspahić, who has been to Sharm el-Sheikh with the delegation from the Serbian city of Niš, confirmed that Latif is interested in Serbia as the next investment destination for his company.

Last week, a delegation from the city of Niš, led by Mayor Dragana Sotirovski, visited Egypt. During the visit, a cooperation agreement was signed with the governor of South Sinai that stipulates, among other things, Egyptian students coming to study in Nis. The Egyptians also showed great interest in the Niš Science and Technology Park, building a smart city in Sharm el-Sheikh, and also in launching a direct flight to Niš.

Nasser Abdul Latif has built two Rixos resorts in Egypt, and he also has hotels in Sharm El Sheikh, Hurghada, Cairo, Alexandria and Suez.

(Blic, 05.06.2022)


This post is also available in: Italiano

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