In 2007 the Festival Hotels & Resorts has been founded by a group of multinational investors, chaired by Mr. Hossam Gouda El Shaer, a young and dynamic businessman with a long experience in the hospitality industry in Egypt. The target is to create a quality product, which fulfills the international guests’ requirements and offers a real value for money paid. For this fact the new Festival Hotels & Resorts brand has been launched.