Hisham Talaat Moustafa launches Four Seasons hotel in Giza

Talaat Moustafa Group (TMG) Holdings, a Cairo-based developer led by Egyptian billionaire Hisham Talaat Moustafa, has started construction on a new Four Seasons hotel complex behind the Grand Egyptian Museum in Giza. The property, which spans 350,000 square meters, is expected to rank among West Cairo’s most high-profile hospitality sites once completed. 

The hotel is being developed with Four Seasons Hotels & Resorts, extending a partnership that began more than 20 years ago. The companies have already delivered Four Seasons hotels in Cairo and Alexandria, and are jointly advancing new projects in Luxor, Madinaty and on the North Coast.

Part of a tourism push anchored around GEM 

Work on the hotel comes as Egypt pushes ahead with plans to reshape the Pyramids Plateau and the area surrounding the Grand Egyptian Museum into a tourism cluster designed to draw higher-spending visitors. TMG says the hotel will include private access points and pedestrian tunnels leading directly to the museum, allowing guests to move between the sites without cars or shuttles. 

The property will include hotel rooms, suites, restaurants, meeting facilities and landscaped outdoor areas. TMG expects the hotel to open within three years. Hisham Talaat Moustafa said room rates at the most expensive hotels in Cairo today surpass $1,000 per night, with rates in Aswan around $850. He said those price levels show there is still solid demand for premium stays, despite currency pressure and higher living costs. 

One of Egypt’s most valuable listed developers

Founded in 1974, TMG has grown into one of Egypt’s largest listed real estate developers, known for its upscale communities and mixed-use projects. Moustafa, who owns just over 43 percent of the company, has overseen steady growth as TMG expands both locally and into the Gulf.

TMG reported first-half 2025 sales of $4.3 billion, a 59 percent increase from a year earlier. The group attributed the jump to demand at coastal and urban projects, including Madinaty and SouthMed on the North Coast. 

In June, the company set a lifetime sales target of $2.4 billion for its Sharm Bay development near Sharm El-Sheikh. In May, it launched Phase 2 of SouthMed after surpassing $20 billion in cumulative sales at the project. 

TMG says the new Four Seasons behind GEM will give it another anchor asset in a key tourist corridor and comes at a moment when Egypt is trying to raise visitor numbers and increase tourism’s share of GDP.