Minister of Tourism and Antiquities Sherif Fathy has mulled over expansion opportunities in hotel investment across Egypt's tourist destinations with Misr Italia Properties.

Minister of Investment and Foreign Trade Mohamed Farid has witnessed the finalization of a settlement agreement between the major shareholders of Misr Italia, which has an investment portfolio exceeding EGP 100 billion.

Misr Italia Properties achieved contractual sales of EGP 4 billion in January 2025, marking a 200% year-on-year (YoY) surge.

RiseUp will launch Egypt’s first industry-focused artificial intelligence (AI) summit on February 4th at Cairo Business Park in East Cairo, a hub for entrepreneurship, art, culture, and innovation.

Real estate companies in Egypt shifted focus towards investing in hotel projects to increase their dollar revenue and diversify their portfolios.

The Creative Industry Summit Annual Festival 2024 took place from October 21st to 22nd at Cairo Business Park.

Misr Italia Properties plans to invest EGP 40 billion over the next six years to expand its hotel, commercial, and administrative projects, representing 30% of its total investments, CEO Mohamed Elassal told Asharq Business.

Misr Italia Properties is planning to invest EGP 15 billion within six years to add 982 hotel rooms and set up a hospitality unit in the North Coast, the New Administrative Capital, New Cairo, and Ain Sokhna.

Misr Italia Properties (MIP) is targeting a 30% year-on-year (YoY) increase in its investments in 2024, Chairman Hany El Assal said.