S
everal Egyptian real estate companies are shifting their focus to hotel investments as part of a broader strategy to diversify their portfolios and mitigate currency risks. This move aligns with the government's goal of doubling the country's hotel capacity by 2028, from its current 230,000 rooms.

    Al Ahly Sabbour is contributing to this growth with five hotels offering a total of 580 rooms across various locations. The company's chairman, Ahmed Sabbour, has confirmed plans for further expansion in the hospitality sector.

    Other companies are also venturing into hotel investments, including Maadar Development, which plans to introduce an additional 600 rooms through three new hotels within its Azha project in Ain Sokhna. Misr Italia Properties is creating a dedicated division for hospitality and developing two hotels with 200 rooms as part of its Solare project on the North Coast.

    Madinat Masr is collaborating with a consultancy to explore upcoming hotel ventures, while Abu Soma Development Company has outlined plans to manage 3,100 hotel rooms over six years, investing around $190m in new constructions. Palm Hills Developments' chairman Yasseen Mansour has also emphasized the importance of hotel investments for his company, citing their role in diversifying investments and creating synergies within projects.