Egyptian Prime Minister Moustafa Madbouly witnessed the signing of two major hotel management agreements with international hospitality operators at the government headquarters in the New Administrative Capital, reflecting growing domestic and foreign investment in the country’s tourism sector.
The agreements will bring international hotel brands to key destinations across Egypt, supporting the National Tourism Strategy’s targets of expanding hotel capacity to 300,000 rooms and attracting 30 million tourists annually by 2030.
Titanic Hotels enters Egyptian market with Sharm El-Sheikh luxury resort
In a major development for Egypt’s luxury tourism segment, local developer Gazelle Investment signed a hotel management agreement with Turkey’s Titanic Hotels group to introduce its ultra-luxury Titanic Luxury Collection brand to the Egyptian market.
The agreement was signed by Hafez Bashir, Chairperson of Gazelle Investment, and Muzaffer Aygün, Managing Director of Titanic Hotels, in the presence of Prime Minister Madbouly, Tourism Minister Sherif Fathy, South Sinai Governor Ismail Mohamed Kamal, and Uğur Engin-Su, CEO of Titanic Hotels in Egypt.
Backed by $180m in wholly Egyptian capital, the new five-star ultra-luxury resort in Sharm El-Sheikh covers a one-kilometre private beachfront and features 560 guest rooms and 60 luxury villas.
The resort will offer a comprehensive range of upscale facilities, including an aqua park, wellness spa, sports fields, a ballroom, and several dining venues, including two international restaurant brands making their debut in Egypt.
With construction completed, the property is scheduled to begin its soft opening within the next 30 days.
Bashir said Gazelle Investment and Titanic Hotels were already preparing to sign management agreements for three additional hotels in Egypt, reflecting the Turkish group’s confidence in the country’s tourism market and its long-term growth prospects.
PRE Group, Hilton sign EGP 14bn multi-brand partnership
In a separate ceremony, local developer PRE Group signed a strategic partnership with Hilton Worldwide to develop and manage an integrated hospitality portfolio valued at approximately EGP 14bn (around $280m).
The agreement was signed by Waleed Zaki, Founder and CEO of PRE Group, and Guy Hutchinson, President for the Middle East and Africa at Hilton Worldwide.
The portfolio comprises 10 developments, including six new hotels and four branded residential projects, adding approximately 2,000 hotel rooms and residential units.
The developments will operate under five Hilton brands: Canopy by Hilton, Tapestry Collection by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton, and Hilton Garden Inn.
They will be located across PRE Group’s main developments, including Telal Ain Sokhna, Jabal Ain Sokhna, Telal Alamein, and Ivoire East in East Cairo.
Zaki said government investment in national road networks, airports, and infrastructure had helped create the conditions for private-sector expansion in the tourism and hospitality industry.
Meanwhile, Carlos Khneisser, Vice President of Development for the Middle East and Africa at Hilton, said the partnership builds on Hilton’s 65-year presence in Egypt, introducing branded residential ownership alongside its traditional hotel accommodation offering.
