The deal is part of broader efforts by the country to enhance tourism infrastructure and attract more visitors.
The MoU was inked on Tuesday by ADD Properties, a Sami Saad Holding Group subsidiary, and the Hyatt Hotels Corporation in the presence of Minister of Tourism and Antiquities Sherif Fathy.
In a cabinet statement, PM Madbouly described the signing as a supportive step toward establishing Egypt as a premier global investment and tourism hub.
He also emphasized the importance of strengthening partnerships between the local and international private sectors to achieve comprehensive development in the hospitality and real estate sectors.
For his part, Minister Fathy said the signing of the MoU reflects the confidence of major global institutions in the future of Egypt's economy and the potential of its rapidly growing tourism sector.
He added that the agreement is a significant step toward enhancing hotel and branded residential capacity to keep pace with the anticipated growth in tourist arrivals.
"The cooperation combines international standards with Egypt’s unique character and contributes to offering innovative hospitality experiences that align with the expectations of tourists worldwide, highlighting Egypt's rich cultural and artistic identity," Fathy said, affirming his ministry’s support.
The investment plan, supported by an international financial institution, aligns with the joint efforts of both parties to strengthen Egypt’s hospitality and tourism sectors and support economic growth through sustainable real estate and tourism projects.
In 2022, ADD Properties successfully reintroduced the Hyatt brand to Egypt by opening Hyatt Regency Cairo West, offering 250 rooms and suites. The hotel received global excellence awards that restored Hyatt’s confidence in expanding within Egypt.
Building on this success, ADD Real Estate recently opened Hyatt Centric Cairo West, featuring 304 rooms and suites.
This hotel is the first art-themed hotel in Egypt and Africa. It features contributions from 11 distinguished Egyptian artists who helped create a property that reflects Egypt’s unique cultural identity.
Tourism strategy
According to data from the Egyptian Cabinet Media Centre, tourist arrivals to the country increased by 25 percent during the first quarter of 2025 compared to the same period in 2024.
The centre indicated that Egypt welcomed 15.8 million tourists in 2024, marking an increase of over 21 percent compared to pre-pandemic levels.
These figures are considered record-breaking, falling within an ambitious strategy to boost the tourism sector.
In December 2023, the government launched a EGP 50 billion initiative to provide substantial financial incentives to encourage companies operating in the sector to expand their hotel room capacity.
The initiative targets hotels in prominent tourist destinations, including Greater Cairo, Luxor, Aswan, the Red Sea, South Sinai, and the North Coast.
At the time, the government stressed that investing in new hotel rooms would yield significant economic returns.
According to experts, every 15,000 additional hotel rooms can generate a value-added tax of approximately EGP 1 to 2 billion and an estimated EGP 2 billion in commercial tax and industrial profits.
Egypt plans to double its foreign visitor numbers to 30 million by 2028 and foster greater private investment in tourism.
The country aims to add 18,000 hotel rooms by the end of 2025 to meet this projected demand.
Egypt’s current capacity is approximately 230,000 rooms. Thus, the government is targeting the development of over 200,000 additional rooms within the next two to three years to double capacity and improve the tourist experience.
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