Egypt’s hospitality sector is poised for significant growth following a syndicated financing package worth up to $265 million arranged by the European Bank for Reconstruction and Development (EBRD) for ADD Properties, part of Sami Saad Holding. The funding will facilitate the development of a new Grand Hyatt hotel in West Cairo as well as the expansion and modernization of the company’s existing hospitality assets.

The EBRD, designated as the initial lead arranger and book-runner, is providing the largest portion of the financing, amounting to $127.5 million. The International Finance Corporation (IFC) is also contributing, extending a $60 million loan under the Mutual Reliance Framework. Local and regional financial institutions are involved as well, with Emirates NBD Egypt and the National Bank of Egypt assuming various roles including lead arrangers and security agents. EFG Hermes is acting as the sole financial adviser and book-runner on the transaction.

This investment aligns with Egypt’s broader strategy to expand its tourism infrastructure and hospitality capacity amid increasing visitor numbers. The government aims to reach 30 million annual tourist arrivals by 2030. According to the Cabinet’s Information and Decision Support Center, Egypt welcomed 12.7 million tourists during the first eight months of 2026, up from 12.2 million in the same period the previous year. Tourism revenues rose accordingly, reaching $12 billion compared to $11.5 billion in the same timeframe.

The hospitality sector’s expansion is supported by ongoing cultural tourism initiatives, including the launch of the Grand Egyptian Museum and efforts to regenerate the Giza Plateau. The new Grand Hyatt hotel project is strategically located to overlook both the museum and the Pyramids of Giza, underscoring the government’s focus on promoting Egypt’s cultural heritage as part of its tourism appeal.

Bassel Sami Saad, chairman of ADD Properties, highlighted the deal as a demonstration of confidence by international and regional financial institutions in Egypt’s investment climate and the company’s long-term vision. Vlaho Kojakovic, EBRD director for real estate, emphasized tourism’s potential as a driver for investment, employment, and sustainable economic development.

In addition to supporting infrastructure growth, the financing package aims to enhance sustainability standards, skills development, and corporate governance within Egypt’s hospitality industry. With 185 hotels currently under construction, representing a combined capacity of 46,000 rooms, the country is advancing toward strengthening its position as a key destination in the global tourism market.