The new administrative capital of the country was launched by the government in 2015 and is intended to house the entire government, ministries, foreign embassies and the local headquarters of many international companies.
Dillip Rajakarian, Group CEO of Minor International and CEO of Minor Hotels, commented:
“The upcoming debut of Minor Hotels in Egypt is of strategic importance for the group as we continue to expand our presence in the MENA region and add a new country to our portfolio. Known as a tourist destination for its incredible history and heritage, Egypt is a major business hub. We look forward to the launch of the Oaks brand in the country’s new capital and we are confident that it will bring a great deal to this growing master plan development. “
The new property is owned by Margins Development, a private real estate developer in Cairo.
Minor Hotels currently has a portfolio of 527 hotels and resorts in 55 countries with a total of 31 hotels in the MENA region of the Anantara, Avani, Tivoli and Oaks brands. In the future, the company will bring its brands NH Collection and NH Hotels to the region.
The group recently announced plans to expand in China:
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