RIYADH: International companies are determining the value of Egypt’s state-owned hotels before the government sells stakes in these properties to strategic investors, according to the country’s public enterprise sector minister. The sale of state assets gained new urgency after the war in Ukraine triggered heavy foreign investment outflows from Egyptian financial markets. “A
Egyptian media reported that the government is set to sell 20-30 per cent stakes in seven state-owned hotels to investors, most of whom are potentially coming from the Arab Gulf region, amid a severe .