Egypt is set to welcome its first Tribute Portfolio hotels, after SODIC signed an agreement with the brand owner Marriott International to build two hotels in Sheikh Zayed and the North Coast, according to a statement (pdf).

The hotels: A 170-key hotel, slated for launch in 2027, will be established at Forty West, a residential building complex in SODIC’s mixed-use development SODIC West in Sheikh Zayed. The other hotel will open two years later in 2029 in SODIC’s North Coast development June and have 180 rooms.

Remember: The government wants to see the private sector build at least 200k new hotel rooms to back its plan of attracting as many as 30 mn tourists a year by 2028. To support this, the government has reportedly agreed to launch an initiative offering subsidized loans to local and foreign hospitality players that are looking to set up more hotel rooms across the country.

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