Tatweer Misr's Fouka Bay Awarded Top Mediterranean Resort by The Mediterrenean Resort & Hotel Real Estate Forum

Tatweer Misr was awarded top Mediterranean Resort under development by The Mediterranean Resort & Hotel Real Estate Forum. The award recognizes outstanding mixed-use resorts and developments showcasing dedication, innovation and expertise in tourism and hospitality across the Mediterranean region. The shortlisted finalists are judged by some of the most respected and experienced names in the industry and the winner is selected through public vote. A nomination is a recognition of the nominee’s dedication to furthering tourism across the Mediterranean through industry leading design, guest amenities and services.

Tatweer Misr is the first Egyptian Developer to achieve this award which was granted last year to Club Med in Marbella, Spain. Commenting on the award Dr. Shalaby, Tatweer Misr CEO and Managing Director said “We are extremely proud to be recognized for the pioneering work we are currently undertaking in Fouka Bay. Being recognized as best in class, amongst such an illustrious group in the Mediterranean region, is an incredible achievement and we are delighted to have achieved this recognition. “ Notable is that this recognition follows Tatweer Misr’s impressive performance at the Cityscape Awards, where it won the best in class in the category Residential Low Rise Future projects in all the emerging markets for its flagship project Il Monte Galala in Sokhna.

The MR&H awards recognize outstanding mixed-use resorts and developments across the Mediterranean region in two categories under development and operating. Part of the International Hotel Investment Forum (IHIF) , the Mediterranean Resort & Hotel Real Estate Forum is an annual conference and networking event dedicated to facilitating investment and development in hospitality real estate in the Mediterranean. IHIF is the industry's leading hotel investment conference, bringing together over 2,400 senior figures involved in all aspects of the hospitality and tourism value chain with a focus on the Mediterranean market which includes the markets of Southern Europe (including the key markets of Spain, Portugal, France and Italy), South-Eastern Europe (Adriatic, Greece), North Africa (from Morocco to Egypt), the Eastern Mediterranean (Turkey and the Levant) and island markets.

Fouka Bay is another milestone project of Tatweer Misr, located on the North Coast with an extended one-kilometer long coastal front. The project, launched in 2015, is a mixed used touristic development spread over one million m2, incorporating residential and recreational aspects including , the recently launched and soon to open range of Kerten boutique hotels including Cloud7 and The House and Residence Hotels which represent a new concept solution and untraditional approach that is such a trademark of Tatweer Misr. As Shalaby points out “At Tatweer Misr, our mission is to offer our residents and guests an exceptional quality of life and a state-of-the-art residential environment, combined with fully integrated sustainable solutions that encapsulate our vision of building value. The value goes beyond building houses and units to building a life by providing all that is necessary to ensure that those options be they for leisure or business are made available through the different services and facilities we provide. “.

With its unique masterplan that ensures low building density and a water front for every house, Fouka Bay has set a new standard of expectations in architectural design and lifestyle options. Like its counterpart in Sokhna, Fouka Bay exhibits a number of amenities and life style options that are a trademark of Tatweer Misr offerings. Building value beyond housing this project includes a diverse range of lifestyle activities be it on or off the beach and finally a diverse array of F and B outlets in addition to Wellness, Fitness and spa options. Phase I of Fouka Bay is projected for delivery at the end of 2018.