The Saudi Egyptian Construction Company (SECON) signed recently a management agreement with Hilton Worldwide for its new hotel in Maadi. Hilton international will carry on management of “Hilton Cairo –Nile Maadi hotel’’ upon the completion of the construction.
SECON has designed an hotel that meets the interest of business community as it comprises a total capacity of 257-rooms along with a 400 square meters conference hall, two smaller halls, and three meeting lounges and an access to a 24-hour business center. The hotel will also feature a large lobby, spa, swimming pool, two restaurants, and a business lounge.
“This is the first Egyptian-Saudi project of its kind. It will endorse commitment and will enhance economic ties between Egypt and Saudi Arabia,” said Engineer Darweesh Hasanein, chief executive officer of SECON. Hasanein added that the agreement is mainly driven by SECON strong confidence in Egypt’s Economic fundamentals and its ability to attract foreign direct investment. He also emphasized the intention of Saudi Arabia to increase its investments in Egypt to support the economic growth in Egypt despite the economic and political instability that Egypt faces during this transition period.
Combining collective international, regional and local experts, the new hotel will be managed by, the premium brand, Hilton Worldwide. Hilton International will be managing the project until completion. An Egyptian-Emirati contractor alliance of Arabitiec-Siak and Egyptian consultant EHAF Consulting Engineers will supervise the project, while Egyptian designer Space Consulting Engineers is carrying out the full design for the project.
Construction period is scheduled to be 36 months, starting from February 2013 and will be completed by the beginning of 2016.
Hilton Cairo- Nile Maadi Hotel will support the Egyptian local economy and will increase employment rate by creating 2000 new job opportunities in the market.
Rudi Jagersbacher, president middle east area, Hilton Worldwide, expressed great enthusiasm regarding signing this agreement with SECON, which is a significant part of Hilton Worldwide expansion strategy in Egypt. “This encourages us to pursue our hospitality services to all travellers coming to Egypt,” he said.