ADFD Unveils AED 440M Sofitel Legend Pyramids Giza To Elevate Egypt's Tourism Sector

2025-03-16 02:03:19

(MENAFN- Daily News Egypt) Abu Dhabi Fund for Development (ADFD) has announced the launch of the Sofitel Legend Pyramids Giza, a landmark luxury hotel set to enhance Egypt's tourism industry and strengthen economic ties between the UAE and Egypt. The five-star property, valued at AED 440m ($120m), underscores the UAE's commitment to fostering global economic partnerships and sustainable development.

Featuring 302 elegantly designed rooms with state-of-the-art amenities, the hotel will offer a premier hospitality experience. It will also house a selection of international restaurants and entertainment facilities, establishing itself as a top-tier destination for luxury travelers.

The project is backed by a strategic partnership between the UAE and Egyptian private sectors. ADFD is contributing 84.28% of the project's capital through Abu Dhabi Tourism Investment Company (ADTIC), with additional shares held by Abu Dhabi National Hotels (10.22%), Overseas Tourism Investment Company (0.4%), Misr Hotels Company (2.73%), and the Egyptian General Company for Tourism & Hotels (2.37%).

The foundation stone was laid by Giza Governor Adel Al-Naggar and ADFD Director General Mohammed Saif Al Suwaidi, alongside officials from both nations. The hotel will be managed by Accor Group, a globally renowned hospitality brand, ensuring world-class service and guest experiences.

Mohammed Saif Al Suwaidi stated:“The Sofitel Legend Pyramids Giza project is a milestone in strengthening Egypt's tourism sector. Through our partnership with Accor Group, we aim to enhance the country's hospitality landscape while reinforcing our commitment to sustainable investments and economic growth.”

Giza Governor Adel Al-Naggar emphasized the project's strategic significance, noting:“This development will elevate Egypt's tourism infrastructure, attracting visitors from around the world thanks to its prime location near our most iconic archaeological sites.”

This investment aligns with the UAE's broader vision of supporting Egypt's national development agenda and advancing the United Nations Sustainable Development Goals (SDGs), particularly Goal 8 (Decent Work and Economic Growth) and Goal 9 (Industry, Innovation, and Infrastructure).

MENAFN16032025000153011029ID1109320162

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.