Abu Dhabi Tourist Investment Company is the first fruits of investment cooperation between Arab Republic of Egypt and the United Arab Emirates. It is a joint stock company subject to the provisions of Law No. 43 of 1974 issued concerning Arab and Foreign Capital Investment System and Free Zones as amended by Law No. 32 of 1977 and the implementing regulations thereof.
Placement of funds in the field of different tourist investments in accordance with the provisions of Law No. 43 of 1974 and its amendments provided that its objects shall not include deposit-taking or conducting banking business, subject to the provisions of Law No. 146 of 1988.
Abu Dhabi Tourist Investment Company owns three hotels, tourist lands in the best tourist areas (in Cairo, Hurghada, and Sharm El Sheikh) in addition to its contribution which is 99.28% in Arab Misr Hotels Company which owns one of the most significant hotels in Luxor next to Karnak Temple. The properties of the company are as follows