Marriott International, Inc. announced a landmark agreement with Misr Italia Properties and People & Places to develop nine total properties, representing over 1,500 keys, across Egypt’s most sought-after coastal and urban destinations. Mohamed Khaled El Assal, Chief Executive Officer & Managing Director of Misr Italia Properties and Cofounder of People & Places commented, “Hospitality is a strategic pillar of our long-term growth vision. With investments exceeding EGP 56.7 billion, Misr Italia Properties and People & Places ambitious hospitality expansion plans are expected to create around 6,000 direct and indirect job opportunities while aiming to welcome approximately 373,000 tourists annually. Together, we are bringing globally renowned brands to exceptional destinations across Egypt, with now over 1,800 hotel rooms and branded residences in our growing combined portfolio. Situated within Ain Sokhna’s flagship beachfront development Kai Sokhna Red Sea, an Autograph Collection hotel, with 80 hotel rooms, will be co-located with 172 branded residences.