Egyptian Prime Minister Mostafa Madbouly confirmed that no coastal tourism project will be allowed to operate in the coming period unless the hotel component is completed, not just the real estate section.

Kuwait's Bukhamseen Group Holding Company is planning to expand its presence in the Egyptian market by investing $125 million in a new hotel.

The Abu Dhabi Tourism Investment Company (ADTIC) is planning to invest $100 million in constructing a luxury hotel in the Pyramids of Giza area.

In today's interconnected world, the hospitality sector has become a cornerstone of economic development. Beyond lodging and dining services, this industry plays a pivotal role in driving economic growth, creating jobs, and supporting other sectors. From bustling metropolises to serene coastal destinations, hotel businesses contribute significantly to local economies and global tourism. For Egypt, attracting investments and promoting the hospitality sector is essential to meet increasing demand and contribute to sustainable economic development.

Hilton has signed an agreement with Tharaa Misr for Real Estate Development to develop the Hilton Garden Inn Borg El Arab Beach.

Egypt’s Pickalbatros Hotels and Resorts Group has acquired four hotels in Morocco in 2024, boosting its hotel room capacity in the country to over 2,600 rooms.

Egypt has achieved 5% of its target to increase the number of hotel rooms in 2024 with 1,247 rooms in the first half (H1) of the year.

Orascom Development has signed a partnership agreement with Sigma Properties for upgrading and re-opening a hotel in Fayoum.

The Egyptian ministries of tourism and finance have agreed to launch a financing initiative that would provide subsidized loans at a 12% interest rate to local and international investors seeking to establish more hotel rooms across the country.

Tourist arrivals to Egypt increased by 3% to 4% year on year (YoY) in the first quarter (Q1) of the current year, Minister of Tourism and Antiquities Ahmed Issa stated.

SODIC has signed the third venture with Nobu in Egypt for a hotel and a restaurant in East Cairo.

Fine Solutions, the away-from-home division of Fine Hygienic Holding, has organized a number of workshops on food safety and hygiene practices for 30 hotels in the Red Sea.

The Egyptian tourism investment firm Landmark North Coast is planning to set up two hotels in Hurghada and El Quseir, with investments of around EGP 5 billion.

Jaz Hotel Group, a subsidiary of Travco Group, has acquired two hotels near the Pyramids area and six cruise ships worth a total of EGP 3.5 billion.

The Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding (TMG), has signed the final agreements for the acquisition and full management rights of a 39% stake in Legacy Hotels.

Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding (TMG Holding), is leading a consortium to complete the acquisition deal of Egyptian historic hotels.

Sunrise Resorts and Cruises intends to build two hotels in the cities of Marsa Alam and Sharm El Sheikh on the Red Sea in 2024, with EGP 1.5 billion in investments, Chairman Hossam El Shaer said.

The Saudi Arabian Seera Group is seeking to invest EGP 5.5 billion to establish a commercial tourism project overlooking the Nile during the second half of 2024, two unnamed sources familiar with the matter told Asharq Business.

Egypt will conclude the sale of seven hotels, including historic ones, by the end of 2023, Head of The Sovereign Fund of Egypt (TSFE) Ayman Soliman said.

The French hospitality group Accor is planning to increase its hotel room capacity in Egypt by around 25%, equivalent to 1,400 rooms, via establishing seven new hotels until 2027.