Concord Co. for Tourist Development is an Egyptian joint stock company & was founded in 1998 in accordance with the provisions of Law No. 8 of 1997 and its regulations with the provisions of law No. 95 of 1992 and its regulations.
The authorized capital is 500 Million Egyptian Pounds.
The issued & paid up capital is 280 Million Egyptian Pounds.
Concord Co. for Tourist Development owns a mega Master Plan development in Marsa Alam. In addition to Hilton Marsa Alam Resort with its more than 400 guest rooms & suites, the Master Plan Development also comprises two diving lodges. It’s planned to have also Marriott Marsa Alam Resort, two more five-star hotels on the beach, down town area, two boutique hotels, marina, conference centre, spa island and 2000 mix-use real estate units.
Major Shareholders:
Dr. Hamada Abo El Enein
General Mediterranean Holding
Sharm Dreams Co. for Tourist Investment
Suez Canal Bank
Misr Insurance Company
National Bank of Egypt
Bautex Misr Company
Oval Development Corporation
Misr Life Insurance
Others
Members of the Board:
Dr. Hamada Mohamed Kamal El Din Abo El Enein (Chairman & Managing Director)
Mr. Mohamed Anwar Al Meqdady (Representative of General Mediterranean Holding)
Mr. Gamal El Sayed Al Assy (Representative of Sharm Dreams Co. for Tourist Investment)
Mr. Khaled Nasrat (Representative of Suez Canal Bank)
Mr. Al Sayed Mohamed Abdel Salam (Representative of Misr Insurance Company)
Mr. Adel Awny (Representative of National Bank of Egypt)
Mr. Ahmed Abdel Rahman Eisa
Mr. Akram Ahmed Kamal (Representative of Bautex Egypt Company)
