Skip to content Skip to Search
Skip navigation

Aldar-owned Sodic to build third Nobu hotel in Egypt

Sodic general manager Ayman Amer and Robert De Niro, Nobu Hospitality Co-Founder, at the launch of their third venture in Egypt Sodic
Sodic general manager Ayman Amer and Robert De Niro, Nobu Hospitality Co-Founder, at the launch of their third venture in Egypt

Sodic, the Egyptian real estate subsidiary of the UAE’s Aldar Properties and Nobu, the US-headquartered luxury lifestyle brand, have signed up to develop their third hospitality project in Egypt.

The Nobu Hotel and Restaurant, which will come up in east Cairo, will open next year, the developer said in a statement.

The cost of the project was not given.

The other two ventures – Nobu Hotel, Restaurant, and Residences – are located in west Cairo and North Coast Egypt. 

Aldar partnered with Nobu Hospitality in November 2023 to launch a new luxury hotel, branded residences and a fine dining experience at Abu Dhabi’s Mamsha Al Saadiyat.

The agreement will see the Abu Dhabi-listed developer build a five-star hotel featuring 165 rooms and suites, including the rooftop Nobu villa.

Japanese chef Nobu Matsuhisa, actor Robert De Niro and film producer Meir Teper founded the global lifestyle brand in 1994. Initially focused on restaurants, it expanded into branded hotels in 2013, with its first location in Las Vegas.

Egypt provides an ideal setting for Nobu, drawing inspiration from the country’s vibrant atmosphere, the three founders said.

Sodic’s full-year revenue stood at AED1.2 billion ($327 million), with EBITDA at AED227 million, Aldar said in its 2023 financial statement. Sales stood at AED1.3 billion in Q4 2023 and AED3.6 billion in 2023.

Nobu has 41 hotels, 77 restaurants and 12 residences worldwide.

Latest articles

Russians Turkey Istanbul Bridge

Russians rush from Turkey as costs and restrictions bite

Rising costs, increased difficulties in obtaining residency permits and tighter enforcement of restrictions on the number of foreign nationals who can live in popular regions are prompting an exodus of Russian citizens from Turkey.  The number of Russian nationals holding Turkish residence permits has plunged to just over 96,000 as of May 16, down from […]

Saudi Comac Dongfeng He Bandar al-Khorayef

Chinese planemaker banned by US woos Saudi airlines

The boss of a leading Chinese planemaker arrived in Saudi Arabia this week to pitch his aircraft just as the United States said it was close to finalising a defence agreement with Riyadh that is meant to limit its trade links with China.  Dongfeng He, chairman of Comac, the Commercial Aircraft Corporation of China, wants […]

The UAE's minister of industry and advanced technology, Sultan Al Jaber, left, met Karl Nehammer, Chancellor of Austria, for talks on trade

Austrian finance unicorn to open in UAE

Austria’s first unicorn has announced plans to set up in Dubai, as officials from the UAE hold top-level talks in Vienna to build on a 22 percent increase in bilateral trade last year A unicorn is a startup company valued at more than $1 billion that is privately owned and not listed on a share […]

Mads Bo Larsen, vice-president of Novo Nordisk UAE, says a local plant 'will not solve anything' in the face of the country's Ozempic shortage Video length: 3:39

UAE diabetics face Ozempic shortage due to weight-loss users

The manufacturer of Ozempic is “troubled” by the fact the drug, which was designed to help people with diabetes, is in short supply in the UAE because of the high number of consumers using it for its weight loss side-effects. Danish pharmaceutical company Novo Nordisk introduced Wegovy, a drug meant to specifically tackle obesity, to […]