New MGM MIRAGE resort to be built near Cairo

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Staff & Wire Reports |

Casino operator MGM MIRAGE (MGM) said that it is teaming with an Egyptian
developer to build a resort outside Cairo.

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The MGM Grand New Giza will house 550 rooms and an electric train will
provide access to the Egyptian antiquities museum, which is under construction.

The resort will be part of a development that will include homes, three
hotels, restaurants, shopping malls, a golf course and sporting facilities.

The MGM Grand New Giza is targeted to open in 2013.

The MGM Grand New Giza will receive equity funding from New Giza for Real
Estate Development and be managed by MGM through its hospitality division.

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