Palm Hills Developments to build $130m Ritz-Carlton Palm Hills hotel in West Cairo

Egypt’s leading developer Palm Hills has entered into an agreement with Marriott International to build a luxury hotel under the name of Ritz-Carlton Palm Hills in West Cairo with investments of $130 million, the office of Prime Minister Mustafa Madbouli has announced.
The agreement was signed Monday December 4 by Mr. Yasin Mansour, Chairman of the Board and Executive Group of Palm Hills, and Mr. Shadi Hassan, Vice-President of Marriott Group North Africa and the Middle East.
The future hotel to be located near the pyramids and the large Egyptian museum, will have 150 rooms and 50 hotel apartments. The project will generate 45 thousand job opportunities during the construction. It will employ 600 permanent people after completion. The tourism structure is expected to be inaugurated in 2027.
The Ritz-Carlton, is a US brand of luxury hotel chain operated by Ritz-Carlton Hotel Company. The company has 108 luxury hotels and resorts in 30 countries and territories with 29,158 rooms. Prime Minister Madbouli who witnessed the signing also welcomed the project.
“The Egyptian State attaches great importance to investing in the tourism sector, especially in the Western Cairo area which is close to the Pyramids area and the Great Egyptian Museum that we are preparing to open, and this area is also seeing unprecedented development in infrastructure including roads. The hubs are in addition to the creation of the nearby Sphinx International Airport, which has seen expansion and development and has been put into operation”, he assured.