Misr Hotels Executes Just 43% of Development Budget Amid Ritz and Dahab Setbacks

Misr Hotels implemented only 43% of its development budget amid setbacks affecting development work at the Ritz and Dahab, according to minutes of the company’s ordinary general assembly meeting.

The minutes disclosed observations raised in an audit department report on the company’s financial statements as of June 30, 2026.

The low implementation rate highlights a gap between the company’s planned development spending and the portion carried out during the reporting period.

Development work at the Ritz and Dahab was identified as facing difficulties. The available summary did not specify the causes of those setbacks or provide completion schedules.

It also did not disclose the total value of the development budget or detail any measures proposed to address the delays.