KUALA LUMPUR, July 17 (Bernama) -- Abu Dhabi-based Modon Holding and Nammos Hotels & Resorts have unveiled Nammos Ras El Hekma, the hospitality brand's first fully integrated destination in Egypt, as part of the US$35 billion Ras El Hekma masterplan on the country's North Coast. (US$1=RM4.07)
Located within the Wadi Yemm precinct, the development will comprise Nammos Residences, Nammos Resort, Nammos Village, and the Nammos Restaurant & Beach Club, alongside wellness, retail and leisure facilities designed to offer a Mediterranean-inspired lifestyle.
Nammos Residences will feature 72 apartments and a penthouse, while Nammos Resort will offer 79 hotel keys across five accommodation categories. Residents and visitors will have access to hospitality, wellness and recreational amenities within the emerging coastal city.
Modon Holding Group Chief Executive Officer (CEO), Bill O'Regan said Ras El Hekma is rapidly emerging as one of the Mediterranean's most ambitious destinations, adding that the project strengthens the company's vision of developing a year-round city offering world-class living, leisure and investment opportunities.
Meanwhile, Nammos Chairman, Petros Stathis said the launch marks a significant milestone in the brand's global expansion strategy, describing Egypt's North Coast as an ideal location to extend the Nammos brand.
Nammos Hotels & Resorts CEO, Carolyn Turnbull said the destination has been designed to seamlessly integrate hospitality, residences and lifestyle experiences while reflecting the energy and identity that have defined the Nammos brand for more than two decades.
Nammos Ras El Hekma forms part of the 170.8 million square metre Ras El Hekma masterplan, which is expected to attract US$110 billion in investment by 2045, according to a statement.
Wadi Yemm is the first of the development's 17 precincts to enter the delivery phase, with the wider project planned as a mixed-use city featuring residential, commercial, tourism and cultural districts supported by road, sea and air connectivity.
-- BERNAMA
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