Marriott signs LE56 billion deal in Egypt with major 9-hotel expansion
According to Mohamed Khaled El Assal, Misr Italia is committing over LE 56.7 billion to hospitality expansion. The projects are projected to generate around 6,000 direct and indirect jobs and accommodate up to 373,000 tourists annually.
- ▪According to Mohamed Khaled El Assal, Misr Italia is committing over LE 56.7 billion to hospitality expansion.
- ▪The projects are projected to generate around 6,000 direct and indirect jobs and accommodate up to 373,000 tourists annually.
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| Original publisher | Egypt Independent |
| Canonical URL | https://www.egyptindependent.com/marriott-signs-le56-billion-deal-in-egypt-with-major-9-hotel-expansion/ |
| Publication time | Fri, 24 Jul 2026 10:12:36 +0000 |
| Retrieval time | 2026-07-24T10:17:36.682Z |
| Last seen | 2026-07-24T10:17:36.682Z |
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Opening excerpt (first ~120 words) tap to expand
Facebook X LinkedIn Marriott International has signed a deal with Misr Italia Properties and People & Places Real Estate Development to build nine new hotels and resorts across Egypt, adding over 1,800 rooms and suites to the country’s coastal and urban destinations, Masrawy reported. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1652956513490-0'); }); The agreement covers five mixed-use developments containing 11 hotels, branded residential units, and a standalone hotel. The deal was signed by Shady Hassan, Marriott’s Vice President of Development for North Africa, alongside Misr Italia Properties co-CEOs and People & Places co-founders Mohamed Khaled El Assal and Karim Khaled El Assal.
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