Egyptian-Turkish Partnership Boosts Luxury Tourism: Launch of ”Titanic” Brand in Sharm El-Sheikh with $180M Investment
Dr. Moustafa Madbouly, Prime Minister of Egypt, witnessed the signing ceremony of the management agreement for the "Titanic Luxury Collection" hotel in Sharm El-Sheikh. The agreement was signed between "Gezal Real Estate and Tourism Investment" and the global Turkish group "Titanic Hotels." This step marks the official entry of the luxury hotel brand into the Egyptian market, reflecting Egypt's growing attractiveness to international investments in the hospitality sector.
The signing was attended by the Minister of Tourism and Antiquities, the Governor of South Sinai, and the CEO of Titanic Hotels in Egypt. The agreement was signed by Mr. Muzaffer Aygün, Managing Director of Titanic Hotels, and Mr. Hafez Bashir, Chairman of Gezal Company.
National Investments with World-Class Ultra-Luxury Standards
Built with purely Egyptian investments amounting to approximately $180 million, the hotel stands as one of the premier ultra-luxury hospitality projects in Sharm El-Sheikh. Spanning a 1-kilometer beachfront, the project features:
Capacity: 560 hotel rooms and 60 luxury villas.
Facilities & Amenities: An Aqua Park, a banquet hall, a fully integrated Spa, and sports courts.
Dining: A diverse range of restaurants, including two international brands entering the Egyptian market for the first time.
Upcoming Soft Opening & Future Expansion Plans
Construction and operational setups for the hotel have been fully completed, with final preparations currently underway to launch the soft opening within the next 30 days.
Mr. Hafez Bashir announced expansion plans that include signing agreements between "Gezal" and "Titanic Hotels" to manage three additional hotels across Egypt. He noted that Gezal continues to execute major projects in partnership with leading international chains to enhance the competitiveness of Egypt as a tourism destination.
Commendation of Government Support & Fruition of Investment Partnerships
The Chairman of Gezal expressed his gratitude to the Egyptian government for providing facilitation and overcoming obstacles to accelerate project completion. He emphasized that combining national capital with international expertise serves as a key driver for expanding hotel capacity, attracting new tourist segments, and supporting the country's tourism development targets.
