Abu Dhabi Fund for Development launches luxury hotel project in Egypt
The Abu Dhabi Fund for Development (ADFD) has announced the launch of the 'Sofitel Legend Pyramids Giza' project, a luxury five-star hotel intended to be a landmark addition to the hospitality and tourism sector in Egypt.
Valued at AED 440 million ($120 million), the project will feature 302 rooms equipped with state-of-the-art amenities and a selection of international restaurants and entertainment facilities.
The project is financed through a strategic partnership between the private sectors of the UAE and Egypt.
ADFD is contributing 84.28 per cent of the project's capital through Abu Dhabi Tourism Investment Company (ADTIC). Additionally, Abu Dhabi National Hotels owns 10.22 per cent, Overseas Tourism Investment Company holds 0.4 per cent, Misr Hotels Company owns 2.73 per cent, and the Egyptian General Company for Tourism & Hotels owns 2.37 per cent.
The foundation was jointly laid by the Director General of ADFD, Mohamed Saif Al Suwaidi, and the Governor of Giza, Engineer Adel Al-Najjar, alongside more Egyptian and UAE officials.
Blending rich history with modern luxury, the project promises an exceptional hospitality experience that meets the highest international standards. Abu Dhabi Tourism Investment Company is partnering with Accor Group, a globally renowned hospitality brand, to manage the hotel and ensure excellence in service and guest experience.
'Sofitel Legend Pyramids Giza' project is a significant step in strengthening Egypt's tourism sector, offering a world-class hotel experience that underscores our commitment to sustainable investments in promising markets. Through our partnership with Accor Group, we aim to elevate the tourism industry while supporting economic and social development in Egypt," Al Suwaidi said.
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