Prime Minister Mostafa Madbouly on Tuesday, November 10, 2026, witnessed the signing of a partnership agreement between PRE-Group and global hospitality company Hilton to develop and manage an integrated hotel portfolio in Egypt, with investments estimated at LE14 billion.
The agreement is expected to add around 2,000 hotel rooms and branded residential units to Egypt’s hospitality sector. The signing ceremony took place at the government headquarters in the New Capital, in the presence of Minister of Tourism and Antiquities Sherif Fathi.
The agreement was signed by PRE-Group Founder and CEO Walid Zaki and Hilton Middle East and Africa President Guy Hutchinson.
Zaki said the partnership covers 10 projects, comprising six hotels and four branded residential developments, which will operate under five of Hilton’s leading brands: Canopy, Tapestry Collection by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton and Hilton Garden Inn.
The projects will be developed at key destinations within PRE-Group’s portfolio, including Telal Ain Sokhna, Jebal Ain Sokhna, Telal Alamein and Eivor East.
Zaki said the partnership reflects the conviction that Egypt’s unique natural resources and tourism assets, including its extensive coastlines and climatic and cultural diversity, require world-class infrastructure and hospitality facilities to unlock the sector’s full potential.
He noted that tourism is a labor-intensive sector with strong links to numerous supporting industries, adding that the projects are expected to generate thousands of direct and indirect jobs once fully operational, while contributing to sustainable foreign currency inflows and tax revenues.
He added that PRE-Group’s expansion into the hospitality sector through its partnership with Hilton builds on the company’s legacy and experience in the Egyptian market and reflects its vision of developing an integrated hotel portfolio in line with international standards.
The selection of Hilton’s brands, he explained, was tailored to the nature and location of each project and the needs of different customer segments, ensuring an appropriate hospitality experience for each destination.
Zaki also highlighted the role of the government’s substantial investments in infrastructure, transport networks and airports in creating a favorable environment for private-sector expansion in hotel and tourism-related investments.
He said the new projects would help deliver distinctive hospitality experiences and enhance the competitiveness of Egyptian tourist destinations.
He added that the partnership forms part of PRE-Group’s strategy to integrate hospitality facilities into its residential developments, bringing together hotels, services and amenities with residential components to provide comprehensive experiences for residents and visitors throughout the year.
For his part, Hilton Chief Development Officer for the Middle East and Africa Carlos Khneisser said the company began operating in Egypt more than 65 years ago and continues to see significant growth opportunities across the country.
He said Hilton shares PRE-Group’s confidence in the future of Egyptian tourism, adding that the partnership would allow the two companies to select brands and hospitality experiences suited to each destination and its growth potential.
