Ahly will host the four-team tournament, which also includes Tunisian giants Esperance de Tunis and Morocco's Montada.
Esperance will face Montada in the other semi-final later on Monday.
Winners of the past three editions, Ahly are aiming to add another trophy to cap off a highly successful season.
They have already secured the Egyptian Super Cup, the African Cup, and the domestic double (League and Cup).
On Tuesday, the Red Devils announced the signing of former team star Ali Zein on loan from Romanian club Dinamo București.
He will join the squad for both the Super Cup and the African Cup Winners' Championship, which will also be held in Cairo.
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