Mövenpick Hotels & Resorts and the Nile Exploration Corporation have signed a new management agreement.

With effect from November 2007, the Nile fleet – which already includes three luxury cruisers will be augmented by the new Mövenpick M/S Royal Lily cruiser.

Following the takeover and relaunch of a further vessel called Mövenpick M/S Prince Abbas, the company’s presence will also soon be extended to Lake Nasser in Egypt.