EBRD arranges $265m financing for Egypt hospitality expansion
- The European Bank for Reconstruction and Development (EBRD) has arranged a $265 million financing package for ADD Properties to enhance Egypt's hospitality sector.
- The financing will facilitate the development of a new Grand Hyatt hotel in West Cairo and support the expansion of ADD Properties' hospitality portfolio.
- The EBRD is providing $127.5 million of the total financing, with additional contributions from the International Finance Corporation (IFC) and other lenders totaling $77.5 million.
- Egypt's tourism sector is experiencing growth, with arrivals reaching 12.7 million in the first eight months of 2026, and revenues increasing to $12 billion.
