Al Tayyar Egypt, a 100%-owned subsidiary of Saudi Arabia’s Al Tayyar Travel Group [1810.SE] is looking to increase investments in Egypt to EGP13 billion from EGP8 billion over the next five years, Managing Director Yousry Abdel Wahab said, pointing out that these investments depend on government facilities provided to investors. The company is planning to launch a new project in Orlando 2 in Ain Sokhna, along the red sea, at end of 2016 for investments worth EGP400 million, in addition to a new four-star Hilton hotel in Ain Sokhna for an additional amount of EGP200 million in 1Q2017, amongst other projects. (Al Mal)