Timeless Living Made Possible With Kimidar's Brand new Golden Park

LONDON, February 22, 2010 /PRNewswire/ -- Award winning property developer the Kimidar Group - the second largest tour operator in Egypt - is to make dreams come true with the launch of its new 5 star residential development, Golden Park Resort & Spa, in Hurghada, Egypt. Located by the Red Sea and only 15 minutes from Hurghada airport, which itself is only around a 5 hour flight from London; the Golden Park Resort & Spa has been revealed.

Golden Park brings together modern apartments, spacious villas and contemporary penthouses within a relaxing spa resort. The development has been designed with sustainability in mind, and was accorded 'Best 5 Star Development' across the Arabic region at the prestigious 2009 CNBC International Residential Property Awards. This accolade makes Golden Park an even more attractive prospect in the exciting and emergent Egyptian property market, particularly since the growth of tourism in Egypt is high.

A Golden Park property has an impeccably designed, high-quality and stylish interior - fully fitted with eco-friendly appliances, soft leather furniture and oak veneered carpentry and storage space. Yet a Golden Park property is not just a home - it's a lifestyle choice.

Offering everything an exclusive spa resort does, Golden Park can provide an idyllic escape or a complete change of life for residents. Set in beautiful gardens, home-owners can enjoy the swimming pools, the Bodhi Spa and Fitness Centre (and its classes and treatments), and even a free shuttle service to the holiday centre of Hurghada. Other privileges for residents include concierge, travel and housekeeping services.

Importantly, the Kimidar Group is hugely committed to environmental issues and so Golden Park has been built according to a 'green' agenda, and is aiming to have the lowest carbon footprint in Egypt. Amongst numerous green initiatives at Golden Park, key features include solar power as a primary energy source, use of wind turbines, efficient recycling and management of waste, timer system for street lighting, movement-activated lights, construction using natural and locally produced materials , and even bicycles provided free of charge to limit car usage.

Mr Mohamed Kamal Abu El Kheir, Kimidar Group's CEO, commented: "I am very excited that Golden Park is now at the stage where potential buyers can come and see for themselves what an amazing opportunity this is for them. We are very proud of Golden Park, and are confident it will realise the dreams of many."

The first phase of properties at Golden Park are now ready for purchase, with very affordable and attractive investment opportunities available, and already the development is so popular that properties are being sold through 50+ agents globally. However, being limited to approximately only 300 residences for sale, potential buyers must be quick to secure their luxury 'place in the sun', especially with great deals on offer such as 0% interest payable for the first three years after purchase.

Find out more about Golden Park and find information about our investment packages by visiting the website: http://www.goldenparkegypt.com.

Notes for editors:

Kimidar Group is one of the largest tour operators in the Middle East and the second largest tour operator in Egypt, with an existing infrastructure of Resorts and Hotels, some of which receive some 4,000 global visitors per week.

Founded in 1981 by Dr. Kamal Abou El Khair, the company remains family run and now employs 2,300 professional, has nine tour branches across Egypt and an enviable portfolio of 4 and 5 star hotels and resorts. In addition, the company owns two farms of 2,500 acres each that produce organic fruit and vegetables for the hotels, plus a farm in Upper Egypt of 3,200 acres that produces fruit for export.

Golden Park, having been being built by second largest tour operator in Egypt, is a sound investment opportunity, particularly considering the high growth of tourism in Egypt. In addition, there are several other factors that are attractive to investors, including:

    - Golden Park is adjacent to an existing Kimidar Group resort (Golden 5
      hotels, Hurghada), which receives some 4,000 visitors per week, and
      offers a lucrative prospect to investors in relation to renting out a
      Golden Property.

    - There is an opportunity of a 7% p.a. rental guarantee

    - The current sales offer is 0% interest for 3 years

    - A Hospitality package is available for interested buyers

For further information please contact Caroline Reid at [email protected], +44(0)7764-184421

SOURCE Golden Park Resort & Spa