UAE’s ADTIC to build $95mln hotel in Egypt

Abu Dhabi Tourism Investment Company (ADTIC) is set to build a mega hotel in the Pyramids of Giza area, said the company’s chairman, Mohammed Saif Al Suwaidi on Tuesday.

The hotel will built with total investment of $95 million and is in line with the government’s plan in preparation for the opening of the Grand Egyptian Museum by the end of the year.

ADTIC’s CEO, Yehia Kotb, announced that the company is developing hospitality projects in Sharm El Sheikh and Hurghada with investments of around $80 million.

Kotb added that the company is currently investing in a number of investment opportunities in the country to boost the company’s presence in the Egyptian tourism industry.

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