Cairo – Mubasher: The board of directors of Misr Hotels approved awarding Intraconsult a contract to install light current system at Safir Dahab Resort.

The total value of the awarded contract amounted to EGP 14.17 million, 5% of which for the general contractor, the company said in a bourse disclosure on Tuesday.

These works are part of the company's plan to develop and renovate Safir Dahab Resort.

It is noteworthy that during the first quarter of fiscal year 2019/2020, Misr Hotels logged a net profit of EGP 61.6 million, compared to EGP 54.9 million in the year-ago period.