Amer explained that this optimism is driven by the strong performance of the tourism sector. He highlighted the record numbers recorded at the Grand Egyptian Museum (GEM), which receives between 15,000 and 19,000 visitors daily. He said this strengthens Egypt’s position on the global map and attracts international investments.
Amer noted that major developments in infrastructure and
Egyptian airports strongly support the expansion of developers adopting
international quality standards. He said that SODIC is strengthening its
portfolio with five new hotels in partnership with Nobu Hospitality and
Marriott International, with investments exceeding EGP 10 billion.
He stressed that expansion in the hospitality and hotel
services sector aligns with the state’s vision to maximize tourism revenues. He
added that it supports offering a globally competitive real estate product and
capturing a larger market share in the near future.
He said the plan includes adding around 550 hotel rooms with
investments exceeding EGP 10 billion. He explained that the expansions include
launching three hotels under the Nobu brand and two hotels under the Tribute
Portfolio brand in cooperation with Marriott International. He added that the
company plans to open the first 100 rooms this year with investments of up to
EGP 1.2 billion.
Amer emphasized that the company focuses on delivering real
estate products that meet international standards to ensure competitiveness in
global markets. He praised the major development in Egypt’s infrastructure and
airports. He said this has enhanced the attractiveness of investment in various
tourist destinations.