With a substantial increase in investments, the Arabian Kuwaiti Group intends to strengthen its position in the Egyptian market and attract more than 100,000 visitors a year to its thriving tourism businesses.
In the past, the group made a calculated acquisition of a $20 million hotel in Sharm El Sheikh, which is currently being developed to become a premier luxury hotel brand.
In addition, the group is in a prime position to create a thriving business district that will be one of Sharm El Sheikh’s main attractions. To strengthen the group’s position in Egypt’s tourism sector, talks to buy more hotels in the area are currently in progress.
Regarding farming, the Arabian Kuwaiti Group has been able to successfully recapture 800 feddan in Al-Ayat, which is situated in the western regions of Cairo. This endeavor is a component of their grand plan to increase their acreage under cultivation to 8,000 feddan. Currently, a significant amount of the yield is exported to countries in Europe, demonstrating the group’s commitment to increasing productivity and promoting global trade.
The group’s real estate division, Arabian Investment House Holding, recently revealed plans for a new branded residential project in West Cairo that will soon go into construction, according to CEO Tarek Eid.
According to Eid, the project is expected to require an investment exceeding $200 million, indicating the group’s strong belief in the Egyptian market and its unwavering support for the country’s economic growth in the tourism, agriculture, and residential sectors.
The Arabian Kuwaiti Group has a rich history in the investment sector and a varied portfolio that includes holdings in the UAE, Kuwait, Turkey, and Bosnia. The group has a long history of operating hotels, restaurants, and land reclamation projects in Egypt. With several large projects in the works, Arabian Investment House Holding is prepared to increase its investment activity in Egypt going forward.
