Marriott International signed a multi-property agreement on July 27, 2026, with Misr Italia Properties and People & Places to develop nine hotels and branded residences totaling over 1,500 keys across Egypt, according to Hotel News Middle East.
Agreement Signed in New Alamein City Under Egypt’s Government Auspices
The signing ceremony was held at government headquarters in New Alamein City, attended by Egypt’s Prime Minister Dr. Mostafa Madbouly, Minister of Tourism Sherif Fathy, and Minister of Housing Eng. Randa El-Menshawy. The agreement supports Egypt’s strategy to grow tourism investment, hotel capacity, and elevate hospitality quality to meet increasing visitor demand.
Nine Properties Across Key Egyptian Destinations
The properties will spread over prominent locations, including Ras Al Hekma
on Egypt’s North Coast, Solare Ras El Hekma, Sphinx City in West Cairo, Ain Sokhna’s Kai Sokhna Red Sea, Garden 8 in East Cairo, and the Il Bosco development within Cairo’s New Administrative Capital. The portfolio encompasses beach resorts, urban hotels, and branded residences under Marriott’s luxury and premium brands.
Project Details and Brand Distribution
The Ritz-Carlton hotel in Ras Al Hekma will feature 170 guest rooms alongside 268 branded residences, while the Autograph Collection hotel at Solare Ras El Hekma is planned with 180 rooms and 250 residences. A Luxury Collection hotel in Sphinx City will include 180 rooms and 180 branded residences. In
Ain Sokhna’s Kai Sokhna Red Sea development, an Autograph Collection hotel will offer 80 rooms and 172 residences. Additionally, an Autograph Collection hotel with 100 rooms will be established in Garden 8, East Cairo.
Economic Impact and Investment Scale
Misr Italia Properties and People & Places have invested over EGP 56.7 billion in this hospitality expansion, aiming to create approximately 6,000 direct and indirect jobs and attract around 373,000 tourists annually. The partnership targets a portfolio of about 50 hospitality assets in Egypt by 2037, reinforcing its role as a leading developer of lifestyle and hospitality destinations.
Prime Minister Dr. Mostafa Madbouly said the agreement
will help meet growing tourism demand, improve hospitality standards, and boost the tourism sector’s contribution to Egypt’s economy. Minister of Tourism Sherif Fathy highlighted investor confidence reflected by the deal amid efforts to foster a competitive investment climate. Minister of Housing Eng. Randa El-Menshawy emphasized government focus on developing tourism infrastructure in new cities to maximize urban assets and attract further investment.
Shady Hassan, Marriott International’s Vice President for North Africa Development, stated, “Egypt remains a strategic growth market for Marriott underpinned by strong tourism fundamentals, expanding infrastructure and increasing demand for premium hospitality and branded residential experiences.”
Eng. Mohamed
Khaled El Assal, CEO of Misr Italia Properties and cofounder of People & Places, described hospitality as a central pillar of the group’s long-term vision. Karim Khaled El Assal, also CEO and cofounder, noted the collaboration with Marriott enables delivery of globally recognized brands and enhances execution of their hospitality ambitions.
