ADFD launches new project to revitalise Egypt’s tourism sector

The Abu Dhabi Fund for Development (ADFD) has announced the launch of the ‘Sofitel Legend Pyramids Giza’ project as part of its efforts to support and revitalise Egypt's tourism sector and enhance strategic investments.

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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 Dhs 440 million ($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 percent of the project’s capital through Abu Dhabi Tourism Investment Company (ADTIC). Additionally, Abu Dhabi National Hotels owns 10.22 percent, Overseas Tourism Investment Company holds 0.4 percent, Misr Hotels Company owns 2.73 percent, and the Egyptian General Company for Tourism & Hotels owns 2.37 percent.

The foundation was jointly laid by 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.