Saudi Press

Saudi Arabia and the world
Friday, Aug 22, 2025

Abu Dhabi-based tourism business to modernize three hotels in Egypt

Abu Dhabi-based tourism business to modernize three hotels in Egypt

Abu Dhabi Tourism Investment Company (ADTIC) has announced plans to refurbish its three hotels in Egypt. It is part of a strategy designed to help the business cash in on the major post-pandemic recovery it expects in the country’s tourism sector.
ADTIC’s portfolio in Egypt includes three hotels, rated at four and five stars, in Cairo, Hurghada and Sharm El-Sheikh. The company, in which government agency the Abu Dhabi Fund for Development (ADFD) has an 84.3 percent stake, also owns 99.3 percent of the shares in Misr Hotels Company, which owns a five-star resort in Luxor.

Mohamed Saif Al-Suwaidi, director general of ADFD and chairman of the board of directors of ADTIC, said he expects great activity in the Egyptian tourism sector when air travel returns to normal after the pandemic and tourists start to return.

“We chose this time in which the tourism movement is witnessing a decline, and so are hotel occupancy rates in most countries of the world, to rehabilitate hotel facilities in preparation for receiving visitors for the post-coronavirus phase and the return of tourist and economic activity,” he said.

ADTIC CEO Haitham Farouk said that the strategic locations of the hotels, and their ability to generate high levels of revenue, make investing in them feasible, especially with the expectations of growth in the sector after the pandemic. He added that there will be an increased emphasis on electronic transactions and processing procedures at the hotels to ensure that physical contact is reduced as much as possible, especially in the early stages of the recovery.

He added that the development and modernization of hotel facilities, making use of the latest technologies, digital transformation and other services, will help ADTIC keep pace with the global tourism industry. The changes will increase hotel occupancy rates and have a positive affect on Egypt’s tourism revenues, he added. He expects the main stages of development and modernization to be completed during the second half of 2021.

The tourism and hospitality industry in Egypt is one of the main sources of national income. It contributed revenue of $13 billion in 2019, an 18 percent increase on the previous year.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Dogfights in the Skies: Airbus on Track to Overtake Boeing and Claim Aviation Supremacy
Tim Cook Promises an AI Revolution at Apple: "One of the Most Significant Technologies of Our Generation"
Are AI Data Centres the Infrastructure of the Future or the Next Crisis?
Miles Worth Billions: How Airlines Generate Huge Profits
Zelenskyy Returns to White House Flanked by European Allies as Trump Pressures Land-Swap Deal with Putin
Beijing is moving into gold and other assets, diversifying away from the dollar
Cristiano Ronaldo Makes Surprise Stop at New Hong Kong Museum
Zelenskyy to Visit Washington after Trump–Putin Summit Yields No Agreement
High-Stakes Trump-Putin Summit on Ukraine Underway in Alaska
Iranian Protection Offers Chinese Vehicle Shipments a Cost Advantage over Japanese and Korean Makers
Saudi Arabia accelerates renewables to curb domestic oil use
Cristiano Ronaldo and Georgina Rodríguez announce engagement
Asia-Pacific dominates world’s busiest flight routes, with South Korea’s Jeju–Seoul corridor leading global rankings
Private Welsh island with 19th-century fort listed for sale at over £3 million
Sam Altman challenges Elon Musk with plans for Neuralink rival
Australia to Recognize the State of Palestine at UN Assembly
The Collapse of the Programmer Dream: AI Experts Now the Real High-Earners
Armenia and Azerbaijan to Sign US-Brokered Framework Agreement for Nakhchivan Corridor
British Labour Government Utilizes Counter-Terrorism Tools for Social Media Monitoring Against Legitimate Critics
WhatsApp Deletes 6.8 Million Scam Accounts Amid Rising Global Fraud
Nine people have been hospitalized and dozens of salmonella cases have been reported after an outbreak of infections linked to certain brands of pistachios and pistachio-containing products, according to the Public Health Agency of Canada
Texas Residents Face Water Restrictions While AI Data Centers Consume Millions of Gallons
Tariffs, AI, and the Shifting U.S. Macro Landscape: Navigating a New Economic Regime
India Rejects U.S. Tariff Threat, Defends Russian Oil Purchases
United States Establishes Strategic Bitcoin Reserve and Digital Asset Stockpile
Thousands of Private ChatGPT Conversations Accidentally Indexed by Google
China Tightens Mineral Controls, Curtailing Critical Inputs for Western Defence Contractors
OpenAI’s Bold Bet: Teaching AI to Think, Not Just Chat
BP’s Largest Oil and Gas Find in 25 Years Uncovered Offshore Brazil
JPMorgan and Coinbase Unveil Partnership to Let Chase Cardholders Buy Crypto Directly
British Tourist Dies Following Hair Transplant in Turkey, Police Investigate
WhatsApp Users Targeted in New Scam Involving Account Takeovers
Trump Deploys Nuclear Submarines After Threats from Former Russian President Medvedev
Germany’s Economic Breakdown and the Return of Militarization: From Industrial Collapse to a New Offensive Strategy
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Russia Formally Recognizes Taliban Government in Afghanistan
×