Egypt has signed an agreement with Marriott International, Misr Italia Properties and People & Places Developments to develop 11 hotels and resorts comprising more than 1,800 rooms and suites across several Egyptian destinations, according to a statement from the cabinet.
Prime Minister Mostafa Madbouly witnessed the signing on Wednesday in New Alamein City. The deal covers five mixed-use developments that will include hotels, branded residences and a standalone hotel in coastal and urban locations.
The project is part of Egypt's broader strategy to expand hotel capacity as the government seeks to increase tourist arrivals and attract more investment into the hospitality sector.
Madbouly said the agreement would help increase hotel capacity, create jobs and support tourism growth, adding that it reflected investor confidence in the Egyptian market.
Tourism Minister Sherif Fathy said expanding hotel capacity and attracting private investment remained key priorities as Egypt works to grow its tourism sector.
The agreement was signed by Shady Hassan, Marriott International's vice president for hotel development in North Africa, and Mohamed Khaled El-Assal and Karim Khaled El-Assal, co-chief executive officers of Misr Italia Properties and co-founders of People & Places Developments.
Marriott's Hassan described Egypt as a strategic market for the company, citing growing demand for luxury hotels and branded residences.
Mohamed Khaled El-Assal said the developments form part of the company's long-term hospitality expansion plans. He noted that Misr Italia Properties has investments exceeding EGP 56.7 billion and that the projects are expected to create around 6,000 direct and indirect jobs while attracting an estimated 373,000 tourists annually.
Karim Khaled El-Assal said the partnership with Marriott has resulted in a portfolio of more than 1,800 hotel rooms and branded residential units across several destinations in Egypt.
Minister of Housing, Utilities, and Urban Communities Randa El-Menshawy, Deputy Housing Minister Walid Abbas, and Misr Italia Properties Vice Chairman Adel El-Naggar also attended the signing ceremony.
Why it matters
The deal underscores Egypt's push to expand its hospitality infrastructure in line with national tourism targets. By partnering with a global operator like Marriott, the government aims to attract higher-spending visitors and boost private-sector investment. The projected 6,000 jobs and 373,000 additional annual tourists signal the scale of the government's ambition, though delivery will depend on execution timelines and broader economic conditions. For travel-trade professionals, the expansion adds inventory in both coastal and urban segments, potentially shifting competitive dynamics in the Eastern Mediterranean market.
