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Emaar Misr, the wholly-owned country subsidiary of Emaar Properties, has signed a Memorandum of
Understanding with Ritz-Carlton, to manage a beachfront resort in Marassi, Egypt scheduled to
open in 2012. The 6 km seafront land featuring the luxury resort is considered among the finest beaches in the region and stretches across the
picturesque Sidi Abdel Rahman Bay on the Mediterranean.
As per the
MoU, the proposed development will include a 150-room resort and 50 private
villas. The Ritz-Carlton at Marassi will
feature an extensive array of amenities including international restaurants and beverage outlets, and a spa.
The proximity to a golf-course will give guests added leisure options. They can also pursue marine sports at the Marina Club in
Marassi, which is
the only one of its kind in the region.
Mr Sameh Muhtadi, Chief Executive Officer, Emaar Misr for Development
said, “Marassi is one of the premier mixed-use communities in Egypt, and every component of this world-class project has been
carefully planned to create a distinctive lifestyle experience. Sidi Abdel Rahman is the most historic beach in Egypt and is a much-preferred
Mediterranean tourist destination. Our MoU with The Ritz-Carlton calls for developing a luxury resort to further consolidate Marassi’s appeal to
tourists and residents, and contribute to the region’s prosperity.”
Marassi has already emerged as a much-preferred leisure destination with a beach club set by the calm bay of Sidi Abdel Rahman. The Marina
being developed has its own dry storage facility making it a preferred destination for marine sports and sailing enthusiasts.
The EGP 9.92 billion (AED 6.39 billion, US$1.74 billion) Marassi is a Mediterranean-styled self-sustaining lifestyle neighbourhood, easily
accessible from Alexandria Burj El Arab and El Alamein airports, both offering direct connections to major European cities. The project is also in
easy proximity to historic sites and offers residents the choice of desert safari, eco-tourism and diving pursuits.
The 6.25 million sqm gated community features premier leisure amenities including a world-class beach resort, a vibrant town centre, marina,
golf course and hotels set amidst lush greenery and lagoons.
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