ADFD launches AED 440mln Sofitel Legend Pyramids Giza project to boost Egypt's tourism sector
Abu Dhabi – As part of its efforts to support and revitalize Egypt's tourism sector and enhance strategic investments, the Abu Dhabi Fund for Development (ADFD) has announced the launch of the 'Sofitel Legend Pyramids Giza' project. This luxury five-star hotel will be a landmark addition to the hospitality and tourism sector in Egypt and the broader Middle East, reinforcing the UAE's commitment to advancing global economic partnerships and supporting sustainable development.
Valued at AED 440 million (US$ 120 million), the project will feature 302 rooms equipped with state-of-the-art amenities. The hotel will also house a selection of international restaurants and entertainment facilities, positioning it as a premier destination for luxury hospitality.
The project is financed through a strategic partnership between the private sectors of the UAE and Egypt. ADFD is contributing 84.28% of the project's capital through Abu Dhabi Tourism Investment Company (ADTIC). Additionally, Abu Dhabi National Hotels owns 10.22%, Overseas Tourism Investment Company holds 0.4%, Misr Hotels Company owns 2.73%, and the Egyptian General Company for Tourism & Hotels owns 2.37%.
The foundation was jointly laid by H.E Mohamed Saif Al Suwaidi, Director General of ADFD, Engineer Adel Al-Najjar, the Governor of Giza, from the Egyptian government, and the presence of officials from both sides.
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.
H.E Mohamed Saif Al Suwaidi, said: '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.'
He called this investment a reflection of ADFD's commitment to advancing sustainable development projects and driving investment partnerships that fuel economic growth in partner countries.'
Engineer Adel Al-Najjar, expressed gratitude to ADFD for its continued support. 'We appreciate Abu Dhabi Fund for Development's commitment to supporting Egypt's development projects, particularly in key economic sectors like tourism. The Sofitel Legend Pyramids Giza project represents a transformative step in strengthening our tourism infrastructure, enabling us to attract visitors from around the world thanks to its strategic location near Egypt's most iconic archaeological sites.'
He noted that this project is a model for successful investment collaboration between Egypt and the UAE. 'We look forward to expanding such partnerships to further our sustainable development goals,' he said.
By blending luxury hospitality with Egypt's rich cultural heritage, the Sofitel Legend Pyramids Giza project will strengthen the country's position as a premier global tourist destination. Its strategic location near iconic landmarks will attract visitors from around the world, creating new investment opportunities and driving the sustainable growth of Egypt's tourism sector.
Through investments in transformative infrastructure projects like this, the UAE reaffirms its commitment to supporting Egypt's national development agenda while advancing the United Nations Sustainable Development Goals (SDGs), particularly Goal 8 (Decent Work and Economic Growth) and Goal 9 (Industry, Innovation, and Infrastructure).
Fatin Elkhalil
Senior Account Manager
APCO
Podium 3, Unit C40-P3-39, YAS Creative HUB, YAS Island
Abu Dhabi, United Arab Emirates
(m) +971 55 5432671
felkhalil@apcoworldwide.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hi Dubai
41 minutes ago
- Hi Dubai
Global Energy Investment to Reach $3.3 Trillion in 2025 as Clean Technologies Surge, says IEA
Global energy investment is projected to hit a record US$3.3 trillion in 2025, with clean energy technologies attracting more than double the capital flowing into fossil fuels, according to a new report from the International Energy Agency (IEA). The IEA's World Energy Investment 2025 report reveals that investment in clean technologies—including renewables, nuclear power, grid infrastructure, energy storage, low-emissions fuels, and electrification—is set to reach an unprecedented US$2.2 trillion this year. This surge reflects growing momentum toward decarbonisation despite ongoing geopolitical tensions and economic uncertainty. Solar energy continues to lead the charge. Combined investment in utility-scale and rooftop solar is expected to reach US$450 billion, making it the largest single item in the global energy portfolio for 2025. Battery storage is also gaining ground rapidly, with investment expected to exceed US$65 billion. In contrast, the fossil fuel sector is seeing a slowdown. The report forecasts a 6% drop in upstream oil investment—the first year-on-year decline since 2020—driven by lower oil prices and tempered demand expectations. The IEA's findings highlight a pivotal shift in global energy priorities, as nations and investors increasingly back technologies that align with long-term sustainability goals. News Source: Emirates News Agency
Al Etihad
an hour ago
- Al Etihad
Asian markets rally ahead of latest China-US trade talks
9 June 2025 08:45 Hong Kong (AFP)Stocks rallied on Monday on hopes that a fresh round of China-US trade talks later in the day will ease tensions between the economic superpowers, while investors were also cheered by forecast-topping US jobs gains extended a run-up across global markets in recent weeks as fears about Donald Trump's tariff blitz subside and countries make deals with eyes are on London, where top officials from China and the United States are due to meet for more negotiations aimed at preserving a fragile truce agreed last month that slashed eye-watering tit-for-tat talks come days after Trump and Chinese counterpart Xi Jinping held their first publicly announced telephone talks since the US president returned to the White were helped by news that Beijing had on Saturday approved some applications for rare-earth exports, while plane giant Boeing will start sending commercial jets to China for the first time since that the two sides will make a breakthrough boosted Asian markets, with Hong Kong up more than one percent, while Tokyo, Shanghai, Seoul, Singapore, Taipei and Manila also gains followed a strong lead from Wall Street, where all three main indexes closed more than one percent higher after figures showing the world's largest economy created a forecast-beating 139,000 jobs last the figures for the previous two months were revised down, the data indicated that the economy remained robust, and tempered worries sparked by Wednesday's report by payroll firm ADP showing a big miss on private will now turn to the Federal Reserve as it decides whether to lower interest rates, with many economists warning that Trump's tariffs could reignite inflation, hit supply chains and drag on consumer sentiment."The May minutes and recent comments by several (policy board) members... suggest the Fed is highly attentive to the risk that tariffs will lead to a persistent inflation shock," wrote analysts at Bank of America. "Those risks could come into focus for markets by the fall." Stock Markets Continue full coverage
Al Etihad
2 hours ago
- Al Etihad
Trump travel ban in effect from today, citizens from 12 nations barred from US
9 June 2025 08:39 Washington (AFP)President Donald Trump's sweeping new travel ban came into effect early on Monday immediately after midnight, barring citizens from a dozen nations from entering the United States and reviving a divisive measure from his first move is expected to disrupt refugee pathways and further restrict immigration as the Trump administration expands its crackdown on illegal of the nations covered by the restrictions have adversarial relations with the United States, such as Iran and Afghanistan, while others face severe crises, like Haiti and announcing his restrictions last week, Trump said the new measure was spurred by a recent "terrorist attack" in Colorado. The group had been protesting in solidarity with hostages held in Gaza when they were assaulted by a man the White House said had overstayed his attack, Trump said, "underscored the extreme dangers posed to our country by the entry of foreign nationals who are not properly vetted" or who overstay their move bans all travel to the United States by nationals of Afghanistan, Myanmar, Chad, Congo-Brazzaville, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen, according to the White also imposed a partial ban on travelers from Burundi, Cuba, Laos, Sierra Leone, Togo, Turkmenistan and Venezuela. Some temporary work visas from those countries will be countries could be added, Trump warned, "as threats emerge around the world." World Cup, Olympics, diplomats excluded The ban will not apply to athletes competing in the 2026 World Cup, which the United States is co-hosting with Canada and Mexico, or in the 2028 Los Angeles Olympics, Trump's order will it apply to diplomats from the targeted Nations rights chief Volker Turk warned that "the broad and sweeping nature of the new travel ban raises concerns from the perspective of international law." US Democratic lawmakers and elected officials blasted the ban as draconian and of a new travel ban had circulated following the Colorado attack, with Trump's administration vowing to pursue "terrorists" living in the United States on officials said suspect Mohamed Sabry Soliman, an Egyptian national according to court documents, was in the country illegally having overstayed a tourist visa, but that he had applied for asylum in September 2022. Trump's new travel ban notably does not include Egypt.
