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ADD Properties, Hyatt International plan to establish joint projects in Egypt

Businessmen Team realestates 17 June 2025 06:49 PM
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ADD Properties, Hyatt International plan to establish joint projects in Egypt

ADD Properties and Hyatt International are planning to establish joint projects in the Egyptian market in the coming period, according to a statement revealed during a meeting between the two companies' officials and the Prime Minister today.

During the meeting, the Chairman of ADD Properties highlighted the ongoing cooperation efforts with Hyatt International to develop hotel services in the tourism sector. He expressed his appreciation for the Prime Minister's reception of the Hyatt International delegation, headed by the company's Regional President for Europe, Africa, and the Middle East.

Basel Sami Saad, Chairman of ADD Properties, stated that the company's plan includes obtaining support from international financial institutions to expand its hotel and residential investments in Egypt.

Following the meeting, a memorandum of understanding was signed between ADD Properties and Hyatt Hotels International to expand branded hotel and residential investments in Egypt to meet the expected increase in tourist numbers to the country.