{"id":662368,"date":"2025-03-16T00:00:00","date_gmt":"2025-03-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/16\/abu-dhabi-tourism-investment-company-breaks-ground-on-usd-120-mn-pyramids-hotel\/"},"modified":"2025-03-16T00:00:00","modified_gmt":"2025-03-16T00:00:00","slug":"abu-dhabi-tourism-investment-company-breaks-ground-on-usd-120-mn-pyramids-hotel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/16\/abu-dhabi-tourism-investment-company-breaks-ground-on-usd-120-mn-pyramids-hotel\/","title":{"rendered":"Abu Dhabi Tourism Investment Company breaks ground on USD 120 mn pyramids hotel"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">HOSPITALITY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Abu Dha<\/strong><strong>bi Tourism Investment Company begins working on USD 120 mn pyramids hotel: <\/strong><a target=\"_blank\" href=\"https:\/\/adticeg.com\/\" style=\"\" rel=\"noopener\">Abu<\/a><a target=\"_blank\" href=\"https:\/\/adticeg.com\/\" style=\"\" rel=\"noopener\">Dhabi Tourism Investment Company<\/a> (ADTIC), the Abu Dhabi Fund for Development\u2019s majority-owned, Egypt-focused firm, officially broke ground on its 302-room Sofitel Legend Pyramids hotel project, CEO Yahya Qutb told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/economics\/74006\/%D8%A3%D8%A8%D9%88%D8%B8%D8%A8%D9%8A-%D8%AA%D9%88%D8%B3%D8%B9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA%D9%87%D8%A7-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D9%8A%D8%A9-%D9%81%D9%8A-%D9%85%D8%B5%D8%B1-%D8%B9%D8%A8%D8%B1-%D9%81%D9%86%D8%A7%D8%AF%D9%82-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. Qutb put the investment ticket at USD 120 mn \u2014 a good USD 40 mn more than what he told local outlets when he <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44469a4f-7236-4a05-952e-49c65a295f22\/%253cmark%253eabu%253c%2Fmark%253e%253cmark%253e-dhabi%253c%2Fmark%253e-government-backed-hotel-group-plans-usd-170-mn%253cmark%253e-investment%253c%2Fmark%253e-in-three-egyptian-hotels\" style=\"\" rel=\"noopener\">announced a USD 170 mn plan<\/a> to develop three hotels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REGULATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>FRA lau<\/strong><strong>nches first-of-its-kind online legislative information page for NBFIs:<\/strong> The Financial Regulatory Authority (FRA) launched a <a target=\"_blank\" href=\"https:\/\/fra.gov.eg\/%d8%a8%d9%88%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d8%aa%d8%b4%d8%b1%d9%8a%d8%b9%d8%a7%d8%aa-%d8%a7%d9%84%d8%b1%d8%a6%d9%8a%d8%b3%d9%8a%d8%a9\/?fbclid=IwY2xjawJDHVFleHRuA2FlbQIxMAABHfVpaaL65ujDUHcKPXR6ImstJGWDSlqEqXjtUd930VFomsdlyqppdXqI6A_aem_X7Avw4-EdQ42AenLbtr4tw\" style=\"\" rel=\"noopener\">section<\/a> on its website compiling all legislative and regulatory frameworks regarding the non-banking financial sector, according to an authority <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/story.php?story_fbid=pfbid02z7S4p3GQpqyrhpULSpHQrjZMEpuosCBoC5sPKe9hCSi9A6pSpmTSGzHPwFBeYEhtl&id=100064812882317&_rdr\" style=\"\" rel=\"noopener\">statement<\/a>. The move aims to simplify access to information about laws and regulations and is part of the authority\u2019s efforts to create a more business-friendly environment, according to the authority\u2019s head Mohamed Farid.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TRADE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>South K<\/strong><strong>orea backs new digital import tracking system:<\/strong> The Korea International Cooperation Agency is backing the rollout of a digital oversight and tracking system for imported industrial and non-food consumer goods under a EGP 600 mn grant from the South Korean government, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/permalink.php?story_fbid=pfbid0ULPL3WRirmxmHDsTGqfzP4giM77utrdBiUvg7BsPNTJpqa78CgwhTJLFDjHHLQBil&id=61562245173260\" style=\"\" rel=\"noopener\">statement<\/a>. Launched with the General Organization for Export and Import Control, the project seeks to tighten import oversight and crackdown on substandard goods, with the Korean input supplying equipment, software, and digital infrastructure for the rollout \u2014 set to run from June 2025 through 2029.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- South Korea backs new digital import tracking system with USD 600 mn grant<\/p>\n","protected":false},"author":1,"featured_media":662369,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[8254,111,72,76,955,414,238,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-662368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-abu-dhabi-tourism-investment-company","tag-also-on-our-radar","tag-enterpriseam","tag-financial-regulatory-authority","tag-hospitality","tag-south-korea","tag-tourism","tag-trade","wpautop","entry"],"acf":{"mongo_id":"f36b8c6d-b236-43d3-84c3-66408b92f715","order":"9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1174.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi Tourism Investment Company breaks ground on USD 120 mn pyramids hotel","related_issue":[662354],"teaser":"PLUS- South Korea backs new digital import tracking system with USD 600 mn grant","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/3\/.0b54f8f2-db76-41fd-a725-bd123052dbb2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Abu Dhabi Tourism Investment Company breaks ground on USD 120 mn pyramids hotel - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2025\/03\/16\/abu-dhabi-tourism-investment-company-breaks-ground-on-usd-120-mn-pyramids-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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