Abu Dhabi Tourism Investment Co. (ADTIC), an investment company, plans to invest $95 million in building a large hotel in the Giza pyramids area, coinciding with the upcoming opening of the Grand Egyptian Museum. ADTIC is also allocating around $80 million to renovate its hotels in Sharm El Sheikh and Hurghada.
The company owns several hotels in Egypt's popular tourist destinations, including Mercure Luxor Karnak Hotel, Mercure Hurghada Resort, Mövenpick Resort Sharm El Sheikh, and Mercure Cairo Le Sphinx Hotel.