In a move that underscores the confidence of major investment entities in its expertise, Ocra Financial Advisors, a subsidiary of Al Salem Holding, has been appointed as financial advisor to Arabia Developments for its new hotel project under the global Fairmont brand, located within Sun Capital in 6th of October City, Invest-Gate reports.
Financial Advisor for a Global Hospitality Project in 6th of October City
The project marks Arabia Developments first actual entry into the hospitality sector, as part of an expansion strategy aimed at building a hotel portfolio with a total capacity of approximately 5,000 rooms over the coming years.
Ocra Financial Advisors is responsible for structuring the financing, arranging funding, and developing the investment framework for the project, ensuring optimal returns and long-term operational sustainability.
The project is being financed through a banking consortium led by the National Bank of Egypt, with total funding of EGP 6.06 billion—reflecting the robustness of the financial study and the banking sector’s confidence in the project’s strength and feasibility.
Misr Capital has been appointed as an independent technical advisor, and Serageldin Legal Advisors as legal counsel, forming a fully integrated framework of partners to ensure the highest standards of governance and professional discipline.
In this context, Shady Gabr, CEO of Ocra Financial Advisors, stated that the transaction represents an important milestone within the company’s strategy to provide financial advisory services for large-scale projects, particularly in the real estate sector.
Gabr added: “At Ocra Financial Advisors, we believe that the role of the financial advisor goes beyond arranging financing; it includes building a balanced investment structure that enhances trust between developers and financing institutions, and ensures genuine project sustainability. Large-scale hospitality projects are a strong driver of the economy, as they support the tourism sector, create direct and indirect employment opportunities, and positively impact economic growth indicators.”
The CEO of Ocra Financial Advisors also expressed his pride in partnering with Arabia Developments and collaborating with the National Bank of Egypt and all consortium partners, noting that this cooperation represents an effective model of integration between financial institutions and developers to support the state’s targets of increasing hotel capacity and accommodating 30 million tourists by 2030.
The project is located within Sun Capital on an area of 575 feddans in Hadayek October, directly facing the Giza Pyramids. The hotel will include 490 hotel rooms and 500 serviced units, making it one of the most prominent hospitality projects currently under development in the Egyptian market.
About Ocra Financial Advisors
Ocra Financial Advisors, a subsidiary of Al Salem Holding Group, has been operating in the field of financial and funding advisory since 2023 through its offices in Egypt and Qatar. The firm brings together specialized expertise in financing, valuation, and real estate fund structuring.
Ocra Financial Advisors has participated as financial advisor in transactions across several sectors, most notably real estate, home appliances, and retail.
The firm is currently advising on the financing of a hotel project in New Cairo, in addition to establishing a real estate investment fund in cooperation with an asset management company licensed by the Financial Regulatory Authority.