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Article: MGM MIRAGE and New Giza for Real Estate Development Company Announce Agreement to Include MGM Grand Resort at Development Outside Cairo Near Egypt's Famous Pyramids.
- Article from:
- Real Estate Weekly News
- Article date:
- July 3, 2009
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MGM MIRAGE (NYSE:MGM) and New Giza for Real Estate Development - an Egyptian company building a luxury, mixed-use community near the base of the famous pyramids - announced plans to develop the MGM Grand New Giza. All equity funding for the development will be provided by New Giza for Real Estate Development. MGM MIRAGE will provide management services and brand fees through MGM MIRAGE Hospitality.
Conveniently located 40 minutes from the airport on the outskirts of Cairo, the 550-room MGM Grand will provide spectacular views of the city of Cairo and the famous pyramids of Giza. It will be connected via electric train to the new and highly anticipated Egyptian ...