United Real Estate Company Opens the First Waldorf Astoria in Egypt and the African Continent

Mar 04 , 2024

Kuwait City by URC | Press Release

United Real Estate Company K.S.C.P (URC), the real estate arm of KIPCO Group and a leading real estate developer and investor in Kuwait and the MENA region, announced the opening of the Waldorf Astoria Cairo Heliopolis Hotel, one of the luxurious hotel brands affiliated with Hilton, through Gulf Egypt for Hotels and Tourism Company, a subsidiary of United Real Estate Company.

The hotel offers, in its distinctive architectural style, elegant atmospheres and exceptional experiences that meet the guests' aspirations and needs from the heart of the capital of Egypt, Cairo. It provides a luxurious sanctuary and an oasis of tranquility amidst enchanting botanical gardens, allowing guests to enjoy a luxurious and relaxing stay away from the hustle and bustle of the city center.

The Waldorf Astoria Hotel is located on Al Orouba Street in the upscale neighborhood of Heliopolis, Cairo, just minutes away from Cairo International Airport. Guests have easy access to the most prominent tourist attractions as well as the long-awaited Grand Egyptian Museum. Additionally, the up-and-coming New Administrative Capital, a new urban community home to government, residential, business and cultural districts, is also within convenient reach from the hotel.

In this context, Mr. Mazen Issam Hawwa, URC Vice Chairman and Group Chief Executive Officer, stated: "We are pleased with this partnership with the global hospitality company Hilton to expand our portfolio in the Arab Republic of Egypt to include the renowned Waldorf Astoria brand, which elevates the guest experience regarding luxurious accommodations to provide a trusted brand to guests and visitors seeking the highest levels of service. We look forward to welcoming our guests to this stunning hotel, which will undoubtedly become one of the most distinguished landmarks in Egypt."

Mr. Hawwa added: "Our partnership with the Waldorf Astoria brand reflects the shared values between us and highlights the luxurious and exceptional experiences offered by both brands to their clients. Through this partnership, we seek to integrate passion and luxury to deliver the most luxurious and unforgettable experiences."

On the other hand, Mr. Mohsen Abu EL Azm, Managing Director of Gulf Egypt for Hotels and Tourism Company, commented, saying: "The expansion plans for United Real Estate's portfolio of development projects were a response to the growing demand in prime locations in Egypt and our conviction in the long-term growth potential of the Egyptian real estate market. We are confident that these development projects will solidify the company's leading position in the market and meet the increasing demand for luxurious and high-quality properties in the market in Cairo, which is experiencing continuous growth."

From his side, Guy Hutchinson, President, Middle East & Africa, Hilton, said: “Egypt welcomed a record number of 14.9 million international tourists in 2023, and with Cairo often being the starting point for travellers’ journey to discover the country, we are delighted to bring the world-renowned luxury of Waldorf Astoria to this sought-after destination. Waldorf Astoria Cairo Heliopolis will appeal to discerning guests seeking world-class luxury, offering enriching experiences and unparalleled service within easy reach of Cairo’s vibrant cultural and heritage sites.”

A blend of modern elegance and local authenticity, the hotel features 252 luxurious and contemporary deluxe rooms and suites. Four exquisite restaurants invite guests on a journey of discovery, whilst best-in-class facilities include a Waldorf Astoria Spa and stunning event spaces.

Dale MacPhee, the General Manager of Waldorf Astoria Cairo, said: "The world-class legacy that the Waldorf Astoria brand boasts offers a range of opportunities to guests eager to explore the vibrant city of Cairo, steeped in deep historical roots. With Waldorf Astoria Cairo Heliopolis, visitors will enjoy unparalleled luxury hospitality in the country, and we are delighted to open our doors to our guests to experience the best that the hotel has to offer."

Waldorf Astoria Cairo Heliopolis is part of Hilton Honors, the award-winning guest loyalty programme for Hilton's world-class hotel brands. Members who book directly have access to instant benefits and the Hilton Honors mobile app. Book direct at Hilton.com, through the Hilton Honors app or through other official Hilton channels for more perks and a price match guarantee. Hilton Honors members can redeem Points using the Points Explorer tool. Moreover, URC's focus on enhancing a

For more information about Waldorf Astoria, please visit www.stories.hilton.com.

About URC

United Real Estate Company. K.S.C.P (URC) is one of the leading real estate developers in Kuwait and the MENA region, with consolidated assets of Approx. KD 669 million (US$ 2.2 Billion) as of 30th September 2023. Head quartered in Kuwait, URC was founded in 1973 and was listed on the Kuwait Stock Exchange in 1984.

URC primarily operates through a number of operating subsidiaries and investment arms across the MENA region. URC's core business is real estate development and operations and enjoys a diversified portfolio of assets that include retail complexes, hotels, residential properties, and high-rise office buildings.

URC’s operations extend to construction and contracting services, facility management, and project management through its several subsidiaries. URC's portfolio of assets is geographically spread throughout the MENA region and includes Marina World, Marina Hotel, and KIPCO Tower in Kuwait, Salalah Gardens Mall & Residences in Oman, Abdali Mall in Jordan, Raouche View 1090 in Lebanon, Hilton Cairo Heliopolis & Waldorf Astoria Hotels, and Aswar Residences in Egypt, and Assoufid development including a golf resort, five-star hotel, and premium residences in Morocco.

URC is the real estate arm of its majority shareholder, Kuwait Projects Company – Holding (KIPCO Group), a holding company that focuses on investments in the Middle East and North Africa. It’s strategy of acquiring, building, scaling and selling companies in the MENA region has worked successfully for over 30 years. KIPCO’s main business sectors are financial services, media, real estate, and industry. KIPCO’s financial service interests include holdings in commercial banks, insurance companies, asset management, and investment banking.

Contact Info

Salem Al Khulaqi

Communications Manager – Sales & Marketing
United Real Estate Company

T (+965) 2295 3671

F (+965) 2244 1003