Gulf Egypt Hotels and Tourism, a subsidiary of United Real Estate Company, announced a new ambitious expansion strategy. This announcement comes as the company marks 50 years of presence in the Egyptian market.
Additionally, United Real Estate Company serves as the real estate arm of Kuwait Projects Company (KIPCO). It is considered one of the largest real estate companies in Kuwait, the Middle East, and North Africa.
Moreover, this milestone reflects five decades of contribution to Egypt’s hospitality and tourism sector. It also highlights a forward-looking vision focused on integrated tourism destinations.
Furthermore, the company aims to develop sustainable assets that enhance Egypt’s tourism appeal. This approach strengthens Egypt’s position as a regional and global tourism and investment destination.
Since its establishment in 1976, Gulf Egypt Hotels and Tourism has built a strong portfolio. It includes Hilton Cairo Heliopolis and Waldorf Astoria Cairo Heliopolis.
In addition, the company achieved a major milestone by introducing Waldorf Astoria to Africa for the first time. This was through its Cairo property, reinforcing its ability to attract global hospitality brands.
Engineer Tarek El Shazly, CEO of Gulf Egypt Hotels and Tourism, expressed pride in the company’s journey. He stated that celebrating 50 years reflects a long-term institutional vision.
Moreover, he emphasized that the company has set new standards in luxury hospitality. It has also developed landmark destinations in the heart of the capital.
Additionally, El Shazly highlighted his 30+ years of experience in strategic sector management. He uses this experience to align current market needs with future opportunities.
Furthermore, he stated that the company focuses on long-term value creation. It expands partnerships with leading international hotel brands.
This ensures operational excellence that matches Egypt’s position as a global tourism destination.
He also added that the company is exploring expansion into mixed-use developments. These projects will target strategic locations such as Cairo and Sharm El Sheikh.
Moreover, these developments aim to support Egypt’s tourism development plans. They will also contribute to economic growth and job creation.
Currently, the company’s portfolio includes around 840 luxury hotel rooms and suites. It also owns and operates one of Egypt’s largest conference and events centers.
As a result, it plays a key role in the MICE sector (Meetings, Incentives, Conferences, and Exhibitions). Its assets provide integrated hospitality experiences supported by advanced technology.
In addition, the company contributes more than 1,200 direct and indirect jobs. This reinforces its commitment to workforce development and local talent growth.
Finally, Gulf Egypt Hotels and Tourism continues to rely on a strong leadership team. This team ensures world-class hospitality experiences and strengthens Egypt’s global tourism position.
