Yahya Kotb, Chief Executive Officer of ADTIC, said the
company plans to open the Sofitel Legend Pyramids by 2027, with total
investments of 170 million dollars.
ADTIC is 84 percent owned by the Abu Dhabi Fund for
Development. Public business sector companies hold a 6 percent stake, while Abu
Dhabi Hotels Company owns 10 percent.
Kotb explained that construction works are progressing
according to the approved schedule. He added that coordination is ongoing
between the project owner, the international operator, and consultants, in line
with the highest technical, engineering, and operational standards of the
Sofitel Legend brand.
He noted that the Grand Egyptian Museum is expected to
create a qualitative shift in cultural tourism in the Pyramids area. He added
that the hotel will enjoy an exceptional competitive advantage due to its prime
location and direct views. He said this will place the project in a distinct
category compared to other hotels in the area, particularly as it targets the
high spending luxury tourism segment.
Kotb affirmed that development projects in the Pyramids area
and the Grand Egyptian Museum have directly improved the tourist experience and
upgraded infrastructure and tourism services. He added that this has increased
tourist arrivals to Egypt, attracted more global hotel investments, and
supported Egypt’s position as a global cultural tourism destination.
As part of ongoing follow up of the company’s projects and
efforts to strengthen its strategic partnership with Accor Group, Kotb,
accompanied by Markus Keller, Chief
Operating Officer of Sofitel Hotels at Accor Group, conducted an inspection
visit to the site of the new hotel project in the Great Pyramids area.