AlDau targets Cairo expansion with $100 million IFC-backed loan

International Finance Corporation is considering a $100 million loan to support Egypt’s Sami Saad family-owned AlDau Hospitality in expanding its footprint in Cairo, targeting tourism growth near the Pyramids of Giza.

The proposed financing is part of a broader $265 million package alongside global lenders, including the European Bank for Reconstruction and Development, to fund a new hotel development in West Cairo.

IFC-backed financing targets tourism growth

The funding will support the construction of a 400-room hotel strategically located near the Grand Egyptian Museum and the Pyramids of Giza, positioning the project to capture rising tourist inflows. The development aligns with Egypt’s broader push to strengthen its tourism infrastructure and attract foreign investment into high-impact sectors.

Project to boost jobs and forex earnings

Beyond construction, the investment is expected to generate direct and indirect employment while boosting foreign exchange earnings. Increased demand for local goods and services is also likely to strengthen domestic supply chains, reinforcing tourism’s role as a key economic driver.

AlDau expands footprint in Egypt

AlDau Hospitality, a subsidiary of AlDau Development BV, operates a portfolio of five hotels across Giza and the Red Sea Governorates, with more than 1,800 rooms. The company is part of ADD Properties, the real estate arm of the Sami Saad family’s diversified conglomerate, Sami Saad Holding.

The planned Cairo development marks a significant expansion of the group’s footprint as it seeks to capitalize on Egypt’s growing appeal as a global tourism destination.

IFC support strengthens long-term investment

In addition to financing, IFC is expected to provide advisory support, including guidance on environmental, social, and governance standards. The project also offers access to long-term hard currency funding, which remains limited in local markets.

Disclosed on April 23, 2026, the investment remains subject to board approval, with a decision expected in May. If approved, the deal is likely to reinforce investor confidence in Egypt’s tourism sector and support broader economic diversification efforts.