THE MIDDLE EAST’S

89. Hossam El Shaer
Company: SUNRISE Resorts & Cruises; Madaar Developments
Designation: Founder & Chairman; Chairman
Nationality: Egyptian
Residence: Egypt
Category: Hotels & Resorts
El Shaer founded SUNRISE Resorts and Cruises in 2002. SUNRISE's portfolio consists of 26 resorts, seven cruise ships, and three real estate destinations, with 9,000 keys. In May 2025, SUNRISE Resorts & Cruises signed a protocol agreement with Hurghada University to enhance cross-education and practical training opportunities. Between July 2024 and May 2025, it acquired a 175-room hotel in Morocco, a 60-room hotel in Greece, and four hotels with $121.7 million in investments in Hurghada, Egypt. El Shaer is also the chairman of the Egyptian Tourism Federation.