The National Industrial and Commercial Investments Limited (NICIL) has accepted the US$90m bid by Egypt-born, US businessman Ramy El-Batrawi as the winning tender and the process of finalizing the deal is currently underway, Vice President Bharrat Jagdeo yesterday said.
When asked for an update on the sale of the Guyana Marriott Hotel during a press conference he hosted at the Arthur Chung Conference Centre, Jagdeo informed that cabinet has already approved the proposed US$S90 million bid.