Arab Finance: The Abu Dhabi Tourism Investment Company (ADTIC) is planning to invest $100 million in constructing a luxury hotel in the Pyramids of Giza area, CEO Yahya Qutb told Asharq Business.
The project will be executed entirely with Emirati funding.
The new hotel, categorized as five-star, will operate under the "Sofitel Legend Pyramids" brand, managed by French hospitality giant Accor.
Construction is set to commence in December 2024, with the hotel expected to begin operations by May 2027.