The hotel, developed entirely with Egyptian investment totaling approximately $180 million, is positioned in the ultra-luxury five-star segment, according to a Cabinet statement issued on Tuesday.
Egypt's Gazal Real Estate and Tourism Investment Company has signed a management agreement with Turkish hospitality group Titanic Hotels to operate the Titanic Luxury Collection hotel in Sharm El-Sheikh, marking the brand's entry into the Egyptian market.
The hotel, developed entirely with Egyptian investment totaling approximately $180 million, is positioned in the ultra-luxury five-star segment, according to a Cabinet statement issued on Tuesday.
Construction and operational preparations have been completed, with final arrangements underway ahead of a soft opening expected within the next 30 days.
Gazal Chairman Hafez Bashir said the company and Titanic Hotels are also planning to sign management agreements for three additional hotels in Egypt, as part of a broader expansion strategy targeting the country's luxury hospitality market.
Bashir added that Gazal is developing several major tourism and hospitality projects in partnership with leading international hotel chains and luxury brands.
The company aims to expand Egypt's ultra-luxury accommodation offerings by attracting established global operators and developing integrated tourism destinations that meet international market expectations.
Bashir emphasized that partnerships between Egyptian investors and international hospitality operators play an important role in strengthening Egypt's position in the global luxury tourism market.
He added that such investments could increase hotel capacity, attract new segments of international visitors, and support the government's broader tourism development objectives.
