$265M Financing Package From IFC, EBRD, Emirates NBD and National Bank of Egypt Backs ADD Properties' Grand Hyatt in West Cairo

CAIRO, Egypt, Nov. 1, 2026 — The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is investing $60 million in ADD Properties as part of a $265 million financing package to expand tourism infrastructure in Egypt. The package is being arranged by the European Bank for Reconstruction and Development (EBRD), with Emirates NBD and the National Bank of Egypt also participating as investors.

The financing will support development of the 419-room Aldau Grand Egyptian Museum (GEM) Hotel, which will operate under the Grand Hyatt brand near the Grand Egyptian Museum in West Cairo. It will also fund upgrades to ADD Properties' existing hospitality assets in West Cairo and Hurghada.

Financing Structure and Lenders

The $265 million package covers both the new hotel and the upgrade program, rather than a single asset. IFC's commitment is $60 million. EBRD is arranging the package, and Emirates NBD and the National Bank of Egypt are participating as investors.

The investment is being undertaken under the Mutual Reliance Framework between IFC and EBRD, which IFC said enables closer coordination between the two institutions to streamline the financing process, reduce duplication and provide a more efficient experience for partners.

The Aldau Grand Egyptian Museum Hotel

The Aldau GEM Hotel will have 419 rooms and operate as a Grand Hyatt overlooking the Grand Egyptian Museum and the Pyramids of Giza in West Cairo. The hotel is targeting LEED Silver certification. Existing hotels covered by the investment are expected to pursue green-building certification, which IFC said will help improve energy and water efficiency across the portfolio.

The new hotel is expected to support 600 direct and 3,860 indirect jobs once operational, in addition to 2,000 to 3,000 jobs during construction. IFC said the project is also expected to create opportunities for businesses linked to Egypt's tourism economy by increasing demand for locally supplied goods and services.

ADD Properties' Existing Portfolio

ADD Properties is an Egyptian real estate and hospitality company, and a member of Sami Saad Holding. Its portfolio of internationally branded hotels in Cairo and Hurghada includes Hyatt Regency Cairo West, Hyatt Centric Cairo West, and three Steigenberger-branded resorts in Hurghada. Proceeds from the financing will also fund upgrades to these hospitality assets in West Cairo and Hurghada.

"This partnership reflects the confidence of leading international and regional financial institutions in Egypt's investment potential and ADD Properties' long-term vision," said Eng. Bassel Sami Saad, chairman of ADD Properties. "Together with our partners, we are advancing sustainable hospitality and branded residences development and in alignment with Egypt Vision 2030. Our new Grand Hyatt overlooking the Grand Egyptian Museum and the Pyramids of Giza embodies our ambition to create lasting value while celebrating Egypt's extraordinary heritage."

Ary Naïm, IFC division director for North Africa and the Horn of Africa, said: "The tourism industry is a powerful engine for job creation and economic development globally, and Egypt has great potential to better leverage its unique cultural and natural assets towards these goals. Our financing, in partnership with EBRD and others, will support ADD Properties to expand and upgrade its capacity while building sustainability and resilience, creating opportunities for local businesses and communities, and mobilizing private capital."

Egypt Tourism Market Context

The financing comes as Egypt's tourism market has entered a growth phase. International arrivals reached 19 million in 2025, up from 15.7 million in 2024. National hotel occupancy reached roughly 70%, and average daily rates rose from about $80 to $132. Branded-hotel occupancy was 69.9% in 2025, compared with 64.4% in 2024 and 66.9% in 2019. Hotel demand exceeded 45.5 million room nights in 2025, up 10% year over year, according to STR data.

Cairo commands the country's strongest hotel average daily rate, and the Grand Egyptian Museum and Giza Pyramids anchor a cultural and luxury-tourism strategy. Egypt's resort markets, by contrast, can face shorter trading windows and thinner margins, particularly where demand depends heavily on charter traffic.

Supply is also growing. Egypt's hotel construction pipeline is estimated at roughly 44,000 to 46,000 rooms across about 180 to 185 projects, with about 90% of projects in the luxury and upscale segments. The OECD has cited a government objective to increase tourist accommodation from about 228,000 rooms to 484,000 rooms by 2030.

World Bank Group Job-Creation Focus

IFC said the investment advances the World Bank Group's focus on creating more and better jobs by unlocking private investment in high-employment sectors. Tourism is one of five sectors identified as having strong potential for job creation, alongside infrastructure and energy, agribusiness, healthcare, and value-added manufacturing. In Egypt, IFC said the investment builds on its 50-year partnership and the World Bank Group's broader efforts to enable private-sector-led growth, including nearly $6.7 billion in private capital mobilized since fiscal year 2022.

Market Implications

The financing is structured as growth and modernization capital rather than an acquisition, adding a branded hotel beside the Grand Egyptian Museum while upgrading existing properties in Cairo and Hurghada. With a large pipeline of luxury and upscale rooms under construction, future occupancy and rate performance will depend on whether visitor growth keeps pace with new inventory.

Sources

• International Finance Corporation: https://www.ifc.org/en/pressroom/2026/ifc-ebrd-the-national-bank-of-egypt-and-emirates-nbd-join-forces-with-add-properti