Egypt signs Marriott deal for 11 hotels, 1,800 rooms

Egypt signed an agreement with Marriott International and local developers Misr Italia Properties and People & Places Developments to develop 11 hotels with more than 1,800 rooms and suites, Prime Minister Moustafa Madbouly’s office said on Wednesday.

The agreement covers five mixed-use developments that include hotels, branded residences, and a standalone hotel, as Egypt seeks to expand accommodation capacity and attract international tourism investment.

Madbouly, who witnessed the signing ceremony in New Alamein City, said the agreement would expand hotel capacity, improve hospitality services and support Egypt’s efforts to attract more international tourists.

Tourism Minister Sherif Fathy said the agreement reflects growing interest from international hotel operators and supports government efforts to expand hotel capacity in line with expected growth in tourist arrivals.

Minister of Housing Randa El-Menshawy said Egypt’s new cities, supported by modern infrastructure and transport networks, would help attract further domestic and foreign investment in the tourism and hospitality sectors.

Shady Hassan, Marriott International’s Vice President for Lodging Development in North Africa, described Egypt as a strategic market for the company, citing its tourism potential, improving infrastructure, and growing demand for hospitality and branded residences.

Mohamed Khaled El Assal, chief executive of Misr Italia Properties and co-founder of People & Places Developments, said the projects are expected to create about 6,000 direct and indirect jobs and attract approximately 373,000 tourist arrivals annually.

Attribution: Amwal Al Ghad English