Staff Report
Dubai, UAE
Inter-Continental Hotels Group (IHG) Hotels and Resorts, a global hospitality operator, said, it has signed a Management Agreement with a joint venture between Akam Al Rajhi and Al Rajhi Saudi groups to operate Voco Hotel Resort in Egypt.
The Voco hotel brand is already well established in MEA, including locations in the UAE and KSA. The new signing marks the first Voco resort in the region, and will cater to the growing leisure demand on Egypt’s North Coast. With this signing, IHG continues to expand their footprint across the Middle East and Africa (MEA) region and diversify their portfolio.
IHG currently operates 7 hotels in Egypt across brands including, including: InterContinental, Crowne Plaza, Holiday Inn, and Staybridge Suites, with 10 hotels in the development pipeline.
Essam Mansour, Chairman, Akam Al Rajhi Developments commented, “Akam Al Rajhi strategy and plans during the coming period depends on expanding in the best vital areas in Egypt, which are in line with the country’s development plans, especially in coastal cities.”
The hotel will be strategically located 1,050 kilometres across the Mediterranean Sea, the area is one of Egypt’s most attractive leisure destinations and is home to a number of arts, sports and entertainment events.
Haitham Mattar, Managing Director, India, Middle East and Africa, IHG said, “We are excited to bring the first Voco resort in the region to the North Coast of Egypt. The country welcomed nearly 5 million tourists in the first six months of 2022 and has a target to reach 30 million tourists annually under its 2030 objectives, heightening the importance of new build hotels and an increase in rooms.”
Set to open by December 2026, the 300-key Voco North Coast will include low-rise buildings, chalets and townhouses in a prime location, directly on the beachfront. It will offer 360 degrees of uninterrupted beach views and will embedded with growing wellbeing-focused travel market, with natural landscapes, artificial lakes, a swimming pool, spa, health club, running and biking tracks, a shopping mall, a waterpark (DOSE Aqua Park) and diverse dining options which will attract more tourists.
