Egypt’s Cabinet, chaired by Prime Minister Dr. Mostafa Madbouly, approved at its meeting yesterday the findings of a Ministry of Finance assessment, conducted through the Higher Valuation Committee at the General Authority for Government Services, concerning Port Said Governorate’s request to grant a usufruct licence for the Port Said Hotel, formerly Helnan.
The hotel, on El-Shaheed Atef El-Sadat Street in Tarh El-Bahr, East Port Said district, will be granted to Pickalbatros Hotel Management, part of the Pickalbatros group, for 30 years.
Pickalbatros Hotels and Resorts is owned by tourism investor Kamel Abu Ali, who is also a member of the Cabinet’s advisory committee for Egyptian tourism development. The group owns and operates more than 30 hotels and resorts in tourism destinations across Egypt and Morocco.
The announcement appeared on the Egyptian Cabinet’s official Facebook page.
