Cairo - Egypt
Gulf Misr Hotels and Tourism Company, a subsidiary of the Kuwaiti United Real Estate Company, announced strategic expansions on its land portfolio in the Heliopolis neighborhood in Cairo, to launch an integrated urban destination that includes residential, commercial, administrative, and entertainment components, in addition to the hospitality sector. The announcement came in conjunction with the signing of a cooperation protocol with the Armed Forces Engineering Authority to begin development work on an area of ​​31,780 square meters on Al Orouba Street.

A rare exploitation of the last available lands

The project is being built on the last major plot of land available for development in the region, based on a long-standing hotel legacy that includes the “Waldorf Astoria” and “Hilton Cairo Heliopolis,” with a study of constructing a bridge or tunnel to connect the hotels to the new destination. In this context, Engineer Tarek El Shazly, CEO of the company, said, explaining the importance of the step, saying: “The launch of this project represents an extension of Al Khaleej Egypt’s long-term vision towards the Heliopolis area, as the neighborhood in which the project is located has always been called the company’s first hotel since 1979. Today we look forward to developing an integrated urban destination that adds real value to the region and keeps pace with its urban development.”
Promising opportunities for Arab investors and tourists

The project enhances the Gulf real estate presence in Egypt, as the company is the real estate arm of the Kuwaiti KIPCO Group. It opens horizons for Arab capital to expand in the areas of retail and hospitality near Cairo Airport and the main hubs, while providing an integrated residential and entertainment experience that meets the aspirations of the Arab visitor and supports the goals of Egypt’s Vision 2030 for sustainable development.