We are all for the luxurious and over priced, and it looks like developers here in Cairo are beginning to understand what's in a name!

LVMH has signed an exclusive partnership with Orascom Development holdings, to build two luxury resorts in the Middle East!

One will be located off the Nile and will open in 2012, for the first time we'll have a luxury hotel located on one of the islands on the River!

The second hotel will be built in Oman...


"Their construction would be mostly financed by Orascom, while LVMH would run them and take a percentage of sales and profits, it said.


The first LVMH Cheval Blanc resort would sit on a desert island in the Indian Ocean off Oman and consist of 32 villas, complete with private beach and swimming pool.