Saudi Egyptian Developers Opens Hilton Cairo Nile Maadi in Iconic Nile Pearl Project
Deal News | Feb 13, 2025 | Zawya
The Saudi Egyptian Developers (SED) has officially opened the Hilton Cairo Nile Maadi within its Nile Pearl Project, a significant milestone in real estate development. Situated along the Nile in Cairo's Maadi district, this EGP 6 billion project exemplifies luxury and sophistication, containing both a high-end residential tower and a five-star hotel. The partnership with Hilton Global Hospitality enhances the project's appeal as a premier global tourism destination. The Nile Pearl development is a mixed-use complex with panoramic Nile views, emphasizing SED's focus on luxury, tourism, and adherence to Egypt's Vision 2030 strategy. Noteworthy collaborators in the project include firms like SIAC Construction and Siemens. The success of this venture is also evident in SED's financial growth, achieving profits of EGP 500 million by the end of 2023.
Sectors
- Real Estate Development
- Hospitality and Tourism
- Construction and Engineering
Geography
- Egypt – The project is situated in Cairo, Egypt, highlighting the country's involvement in enhancing its tourism and real estate sectors.
- Saudi Arabia – Saudi Egyptian Developers is a joint venture involving the Saudi government, making Saudi Arabia relevant to this development.
Industry
- Real Estate Development – The article centers around the development of the Nile Pearl project, a significant real estate development in Cairo, showcasing luxury residential and hospitality facilities.
- Hospitality and Tourism – The hospitality industry is highlighted by the opening of the Hilton Cairo Nile Maadi, which is expected to contribute to Egypt's tourism industry.
- Construction and Engineering – The Nile Pearl project's completion involved significant contributions from construction and engineering companies like SIAC Construction and Siemens.
Financials
- EGP 6 billion – The total investment in the Nile Pearl project including the Hilton Cairo Nile Maadi development.
- EGP 500 million – The reported profits of Saudi Egyptian Developers by the end of 2023.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Saudi Egyptian Developers | Developer of Nile Pearl Project | Company | A joint venture between the Egyptian and Saudi governments focused on luxury real estate development. |
| Hilton Global Hospitality | Hotel Management Partner | Company | A global hospitality brand managing the hotel component of the Nile Pearl project. |
| SIAC Construction | Construction Company | Company | Involved in the construction of the Nile Pearl project. |
| Hill International | Project Management Company | Company | Provided project management services for the Nile Pearl Project. |
| EHAF Consulting Engineers | Engineering Consultant | Company | Consulted on engineering aspects of the Nile Pearl Project. |
| Siemens | Technology Provider | Company | Involved in the technological advancements for the Nile Pearl Project. |
| Pino Meroni | Design Consultant | Company | Provided design consulting for the Nile Pearl Project. |
| Mohamed Al-Taher | CEO of Saudi Egyptian Developers | Person | Oversaw the development and completion of the Nile Pearl Project. |
| Haitham Nassar | General Manager of Hilton Nile Maadi | Person | Responsible for managing the hotel operations at Hilton Cairo Nile Maadi. |