Egypt's PRE Group has signed a partnership agreement with global hospitality company Hilton to develop and manage a portfolio of hotels and branded residences worth approximately EGP 14 billion.

The agreement covers 10 projects, including six hotels and four branded residential developments, adding around 2,000 hotel rooms and residential units to Egypt's hospitality market.

Walid Zaki, Founder and CEO of PRE Group, said the projects will be developed across several key destinations within the company's portfolio, including Telal Ain Sokhna, Jebal Ain Sokhna, Telal Alamein, and Ivoire East.

The developments will operate under five Hilton brands: Canopy by Hilton, Tapestry Collection by Hilton, Hilton Hotels & Resorts, DoubleTree by Hilton, and Hilton Garden Inn.

Zaki said the partnership forms part of PRE Group's strategy to expand its hospitality business and integrate hotel services into residential communities, providing residents and visitors with year-round access to hospitality facilities and services.

The company expects the projects to generate thousands of direct and indirect jobs once fully operational, while contributing to foreign currency inflows and government tax revenues.

Zaki also highlighted the role of Egypt's infrastructure investments, including roads, transport networks, and airports, in supporting private-sector hospitality development and improving the competitiveness of the country's tourism destinations.

Carlos Khneisser, Hilton's Chief Development Officer for the Middle East and Africa, said Egypt remains a key growth market for the company, which has operated in the country for more than 65 years.

He noted that the partnership with PRE Group will allow Hilton to introduce hospitality concepts tailored to each destination, expanding its presence across strategic locations while diversifying its offerings beyond traditional hotel accommodation.

The agreement will also strengthen Hilton's branded residential portfolio in Egypt, giving homeowners access to the group's hospitality services alongside hotel guests.

PRE Group's expansion strategy follows a hospitality sector study covering 12 developments across East and West Cairo, the North Coast, Ain Sokhna, and Marsa Alam. The study identified hotels and branded residences as priority areas for the group's next phase of growth.