Egypt
Kimidar Group is one of the largest tour operators in the Middle East and the second largest tour operator in Egypt, with an
existing infrastructure of Resorts and Hotels, some of which receive some 4,000 global visitors per week.
Founded in 1981 by Dr. kamal Abou El Khair, the company remains family run and now employs 2,300 professional, has nine
tour branches across Egypt and an enviable portfolio of 4 and 5 star hotels and resorts. In addition, the company owns two
farms of 2,500 acres each that produce organic fruit and vegetables for the hotels, plus a farm in Upper Egypt of 3,200 acres
that produces fruit for export.
Being built by second largest tour operator in Egypt, is a sound investment opportunity, particularly
considering the high growth of tourism in Egypt. In addition, there are several other factors that are attractive to investors,
including:
o Golden Park is adjacent to an existing Kimidar Group resort(Golden5 hotels, Hurghada), which receives some 4,000visitors per week, and offers a lucrative prospect to investors in relation to renting out a Golden Property.
o The rental guarantee is 7% for 5 years renewable with 4 weeks usage.
o There is currently a sales offer of 0% interest for 3 years
o A Hospitality package is available for interested buyers
