A $180m Egyptian-funded luxury resort opens in Sharm El-Sheikh this month as Egypt adds hotel deals
Gazelle Investment signed with Turkey's Titanic Hotels for a 560-room beachfront resort, part of Egypt's push for 30 million tourists a year by 2030.
Cairo — Egyptian Prime Minister Moustafa Madbouly has witnessed the signing of two hotel management agreements with international operators at the government headquarters in the New Administrative Capital, as the country works to expand its tourism capacity.
The deals support Egypt's National Tourism Strategy, which aims to grow hotel capacity to 300,000 rooms and attract 30 million tourists a year by 2030.
A new luxury resort in Sharm El-Sheikh
In the first agreement, the Egyptian developer Gazelle Investment signed with Turkey's Titanic Hotels group to bring its Titanic Luxury Collection brand to Egypt for the first time.
The five-star resort in Sharm El-Sheikh is backed by $180 million in entirely Egyptian capital. It has a one-kilometre private beachfront, 560 guest rooms and 60 luxury villas, with an aqua park, spa, sports fields, a ballroom and several restaurants, including two international brands opening in Egypt for the first time.
Construction is complete and the resort is due to begin a soft opening within 30 days.
The agreement was signed by Hafez Bashir, chairperson of Gazelle Investment, and Muzaffer Aygün, managing director of Titanic Hotels, in the presence of Madbouly, Tourism Minister Sherif Fathy and South Sinai Governor Ismail Mohamed Kamal. The second agreement was with Hilton.
Source: Daily News Egypt, 10 November 2026.
