{"id":670683,"date":"2025-08-24T00:00:00","date_gmt":"2025-08-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/"},"modified":"2025-08-24T00:00:00","modified_gmt":"2025-08-24T00:00:00","slug":"arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/","title":{"rendered":"Arabia Developments to invest up to EGP 30 bn in hospitality sector"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and welcome to the start of another workweek<\/strong>. As is usually the case with Sundays, it seems the news cycle is still getting some much needed rest. <\/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\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/arabia-holding.com\/en\/about-us\" style=\"\" rel=\"noopener\">Arabia Developments<\/a><\/strong><strong> will invest up to EGP 30 bn to build 2k hotel rooms<\/strong><strong> and serviced apartments at its Sun Capital project in Sixth October Gardens by 2029<\/strong>, Vice President for Technical Affairs Amr Diab Radi told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/companies\/95497\/%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AB%D9%85%D8%B1-30-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D8%A8%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%81%D9%86%D8%AF%D9%82%D9%8A-%D8%BA%D8%B1%D8%A8-%D8%A7%D9%84%D9%82%D8%A7%D9%87%D8%B1%D8%A9\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. The investment \u2014 equivalent to c.USD 620 mn \u2014 will go towards three hotels in the development, including a Concorde-branded hotel set to begin operations in 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Egypt plans to more than double tourist footfall to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7146e7f9-7441-42f9-b510-89160f014d0b\/remittances-rise-65.4%2525-y-o-y-to-usd-2.6-bn-in-november\" style=\"\" rel=\"noopener\">30 mn<\/a> tourists a year by 2030, from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/77933bb3-9bd8-4b17-b329-2e729e223d68\/coptic-christmas-announced-as-paid-holiday-for-public,-private-sectors\" style=\"\" rel=\"noopener\">15.7 mn<\/a> in 2024. To help accommodate the nearly doubling in tourist numbers, the government is working to expand room capacity to 500k from 228k.<\/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\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a calm day in the business press<\/strong>, with Zelenskyy\u2019s Independence Day speech getting the most ink across global headlines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ukrainian President Volodymyr Zelenskyy marked the country\u2019s Independence Day <\/strong><strong>with a speech in Kyiv today, vowing to continue fighting for freedom<\/strong>. \"We need a just peace, a peace where our future will be decided only by us,\" Zelenskyy said in an address to his nation. \"Ukraine has not yet won, but it has certainly not lost,\u201d he added. The Ukrainian president\u2019s speech follows Moscow\u2019s announcement that Ukraine had attacked Russian power and energy facilities overnight, leading to a fire at a nuclear power plant in the western Kursk region. No fatalities or injuries have been recorded, however, and the fire was quickly put out. (<a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/08\/24\/world\/europe\/zelensky-ukraine-independence-day.html\" style=\"\" rel=\"noopener\">New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/czxy2v9dzgxo\" style=\"\" rel=\"noopener\">BBC<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"web-image-inner\"><img data-recalc-dims=\"1\" decoding=\"async\" style=\"display: block\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/348.jpg?ssl=1\" alt=\"enterprise\"><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>*** It\u2019s Inside Industry day \u2014 your weekly briefing of all things industrial in Egypt.<\/strong> Inside Industry focuses each Sunday on what it takes to turn Egypt into a manufacturing and export powerhouse, ranging from initial investment and planning to product distribution, through to land allocation to industrial processes, supply chain management, labor, automation and technology, inputs and exports, regulation and policy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In today\u2019s issue<\/strong>: We\u2019re taking a look at Egypt\u2019s counterfeit cables market and its rising dangers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER-<\/strong> We\u2019re in for a slightly cooler day tomorrow, with temperatures in Cairo set to peak at 36\u00b0C, before cooling down to 25\u00b0C. Up north, we\u2019re expecting some wind with a high of 29\u00b0C and a low of 27\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and welcome to the start of another workweek. As is usually the case with Sundays, it seems the news cycle is still getting some much needed rest. THE BIG STORY TODAY- Arabia Developments will invest up to EGP 30 bn to build 2k hotel rooms and serviced apartments at its Sun Capital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":670684,"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":[7213],"tags":[633,955,125,238,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-hospitality","tag-investment-watch","tag-tourism","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"db2613cb-4147-41e6-b617-cf135bd43341","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/10\/1951.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Arabia Developments to invest up to EGP 30 bn in hospitality sector","related_issue":[670681],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.c987c68d-8f60-48d7-82fe-fae5e8bb6e6c.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>Arabia Developments to invest up to EGP 30 bn in hospitality sector - 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\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arabia Developments to invest up to EGP 30 bn in hospitality sector\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and welcome to the start of another workweek. As is usually the case with Sundays, it seems the news cycle is still getting some much needed rest. THE BIG STORY TODAY- Arabia Developments will invest up to EGP 30 bn to build 2k hotel rooms and serviced apartments at its Sun Capital [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-24T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1951.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Arabia Developments to invest up to EGP 30 bn in hospitality sector\",\"datePublished\":\"2025-08-24T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/\"},\"wordCount\":435,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/10\/1951.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"hospitality\",\"investment watch\",\"tourism\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/24\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector\/\",\"name\":\"Arabia Developments to invest up to EGP 30 bn in hospitality sector - 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Don\u2019t forget to turn back your analog clocks by 60 minutes tonight and enjoy an extra hour of sleep.THE BIG STORY TODAY Government kicks off EGP 50 bn loan program for hospitality players: The tourism and finance ministries have\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":670722,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/25\/arabia-developments-to-invest-up-to-egp-30-bn-in-hospitality-sector-2\/","url_meta":{"origin":670683,"position":1},"title":"Arabia Developments to invest up to EGP 30 bn in hospitality sector","author":"enterpriseam admin","date":"25 August 2025","format":false,"excerpt":"The developer wants to set up 2k hotel rooms and serviced apartments by 2029","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1523.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":676206,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/11\/25\/arabia-developments-launches-egp-30-bn-tower-complex-in-new-capital\/","url_meta":{"origin":670683,"position":2},"title":"Arabia Developments launches EGP 30 bn tower complex in New Capital","author":"enterpriseam admin","date":"25 November 2025","format":false,"excerpt":"Good afternoon, friends, and happy hump day. We\u2019re getting ready to wind down for the week, but it seems the news cycle isn\u2019t following suit.THE BIG STORY TODAY- ?Arabia Developments has launched a EGP 30 bn mixed-use tower compound in the New Capital, dubbed KOR, according to a statement (pdf)\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/1944.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636377,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/30\/our-non-oil-trade-deficit-narrowed-16-y-o-y-in-1h-2024\/","url_meta":{"origin":670683,"position":3},"title":"Our non-oil trade deficit narrowed 16% y-o-y in 1H 2024","author":"enterpriseam admin","date":"30 July 2024","format":false,"excerpt":"Good afternoon, folks. The government\u2019s efforts to slim down the country\u2019s trade deficit seems to be going a lot better than most diets after the first six months of the year.THE BIG STORY TODAY Egypt\u2019s non-oil trade deficit narrowed by 16% y-o-y to USD 15.9 bn in the first half\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/1293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661269,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/25\/tmgs-net-income-more-than-quadruples-to-egp-14-5-bn-in-2024\/","url_meta":{"origin":670683,"position":4},"title":"TMG\u2019s net income more than quadruples to EGP 14.5 bn in 2024","author":"enterpriseam admin","date":"25 February 2025","format":false,"excerpt":"Revenues jumped 50% y-o-y to EGP 42.6 bn during the year","rel":"","context":"In &quot;EARNINGS WATCH&quot;","block_context":{"text":"EARNINGS WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/earnings-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/235.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618590,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/16\/this-evening-egypts-exports-grew-5-3-y-o-y-in-1q-2024\/","url_meta":{"origin":670683,"position":5},"title":"THIS EVENING: Egypt\u2019s exports grew 5.3% y-o-y in 1Q 2024","author":"enterpriseam admin","date":"16 April 2024","format":false,"excerpt":"Good afternoon folks, and happy hump day. We are at the midpoint of the week and can\u2019t decide if we should keep that jacket on or embrace the heat. THE BIG STORY TODAY Egypt\u2019s exports rise in 1Q 2024: Egypt\u2019s exports grew 5.3% y-o-y in the first three months of\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/1\/370.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=670683"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670683\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/670681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/670684"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=670683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=670683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=670683"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=670683"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=670683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}