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The four-star Cecil Hotel in Alexandria, Egypt, was built as the Cecil Hotel in 1929 by the French-Egyptian Jewish Metzger family as a romantic hotel, at Saad Zaghloul square where Cleopatra's needles had been, in front of the Corniche. Author Somerset Maugham stayed here, as did Winston Churchill and Al Capone.
The area was known for a landmark hotel-casino that was demolished in the late 1990s. That hotel was replaced by the San Stefano Grand Plaza , a hotel-apartment-shopping mall complex that includes a Four Seasons luxury hotel, opened in 2007 [ 1 ] and apartments, housed in the tallest building in Alexandria (135 m (443 ft)).
San Stefano Grand Plaza (Arabic: سان ستفانو جراند بلازا) is a structural complex including apartments, offices, a shopping mall and a marina in Alexandria, Egypt. It was designed by WZMH Architects. [1]
The majority of property finders charge a retainer fee before they begin the search for a property. Users of full service estate agents in the UK can expect to pay a flat fee while, more typically in the US, a percentage of the property purchase price may be received from the seller's broker by means of an offer of compensation to cooperating brokers or it can be paid directly by the buyer.
In 1952 Egypt’s private sector accounted for 76 percent of economic investment. Following the nationalization plans carried out by President Gamal Abdel Nasser in the effort to build a post-independence socialist state, this percentage drastically shifted within a few decades to government investment accounting for over 80 percent of economic investment. [1]
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