Egypt partners with Hilton to open 2 new hotels in Cairo

Ahram Online , Wednesday 5 Jul 2023

According to a cabinet statement, Egypt's Ministry of Housing, represented by City Edge Developments, signed two partnership agreements with Hilton on Wednesday. The agreements entail Hilton managing and operating two new hotels in Cairo.

Over View Cairo. UN
File Photo: Over view Cairo. UN


The new hotels will be situated in Cairo's Maspero Triangle and Magra El-Oyoun Wall regions.

Hilton's DoubleTree hotel, offering 260 rooms and suites, will be located in the Maspero Triangle Towers and is slated to open by 30 June 2028.

The Hilton Magra El-Oyoun hotel, which will include 28 rooms and suites along with amenities such as wedding halls, a gym, a spa, swimming pools, and restaurants, is expected to begin operations by the end of 2026.

Prime Minister Mostafa Madbouly and Minister of Housing and Urban Utilities Asem El-Gazzar attended the signing ceremony, along with Mohamed El-Dahan,  CEO of City Edge Developments, and Sam Diab, Hilton Group Development Director.

City Edge Developments is a joint venture between the New Urban Communities Authority (NUCA) - an entity affiliated with the housing ministry, and the Housing & Development Bank.

Madbouly praised the partnership during the signing ceremony for the role it will play in developing Cairo's surrounding areas, including the transformation of previously unsafe slums in Magra El-Oyoun and Maspero into thriving locations.

El-Gazzar highlighted the importance of the partnership in revitalizing various parts of Cairo as part of the city's urban identity restoration plans.

Egypt's National Tourism Development Strategy is geared towards increasing the country's tourism revenues by 25 to 30 percent annually and attracting 30 million tourists each year by 2028.

According to Minister of Tourism and Antiques Ahmed Issa, with 1,200 tourist hotels currently, Egypt can attract approximately 14-15 million visitors each year.

Issa stressed the importance of doubling the number of hotel rooms, offering affordable air travel, and diversifying tourist products to achieve the goal of attracting the targeted number of tourists.

Egypt welcomed 11.7 million tourists in 2022, and it is anticipated that the number will increase to 15 million in 2023.

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