Pickalbatros Hotels and Resorts Group has announced that the litigation team at Mohamed Nasser Law Firm succeeded in settling a legal dispute in favor of ITI for Tourism Investment, owned by tourism investor Kamel Abou Aly and one of the group's companies, against Palm Tourist Resorts and Caribbean Soma Bay Resorts, over a 117,000 square meter plot of land in Safaga in the Red Sea Governorate, valued at around EGP 1 billion.
A statement from the group said the law firm conducted a comprehensive study of the registered title deeds, licenses and official agreements and developed an integrated legal strategy that succeeded in conclusively proving the rights of ITI-Albatros. This resulted in a final court ruling ordering the land to be returned and handed over to the company, restoring its legal ownership and protecting a key tourism investment, paving the way for it to continue its development plans with confidence and stability as part of the revival of Egyptian tourism.
