The Minister of Tourism and Antiquities and the Minister of Labor Meet at a Press Conference Organized by the Egyptian Federation of Tourist Chambers

 Today, Mr. Sherif Fathy, Minister of Tourism and Antiquities, met with Mr. Karim El Assal and Eng. Mohamed El Assal, Co-CEOs and Managing Directors of Misr Italia Properties and Co-Founders of "People & Places", alongside their accompanying delegation. The meeting focused on exploring expanding hotel investment opportunities across various Egyptian tourist destinations, which are highly popular among travelers booking Egypt tours.

At the beginning of the meeting, the Minister emphasized the immense attention the Egyptian state pays to the national tourism sector. He highlighted it as one of the core pillars of the national economy due to its contribution to boosting economic growth rates and increasing foreign currency resources. Furthermore, it plays a vital role in generating direct and indirect employment, given that it is a labor-intensive sector. He noted that enhancing these accommodations would greatly enrich the variety of available Egypt travel packages.

He also pointed out the importance of expanding hotel capacity to enhance the ability of the Egyptian tourist destination to accommodate the targeted increase in visitor numbers. The Minister stressed the state's keenness to encourage tourism investments, especially in the hospitality sector, through a package of incentive initiatives designed to boost Egypt's competitiveness as an attractive global investment destination. Such initiatives aim to support high-end offerings like Luxury egypt travel packages.

During the meeting, the company's officials reviewed their investment strategy to expand within Egypt's hotel sector through a presentation covering their current and future projects, as well as related international partnerships. They explained that the company is working on developing a number of resorts, hotels, and serviced apartments in several tourist destinations within Egypt. This expansion caters perfectly to travelers who want to Enjoy 8 beautiful days in Cairo, then go on a luxury tour to see the Great Sphinx and pyramids, or those who prefer to Use our 5-day Egypt tour packages that go from Cairo to Alexandria to see the historical coastal sights.

They also indicated that the company aims to develop and open 21 hotels by the year 2032, with a capacity of up to 3,214 rooms, in cooperation with international brands. This includes brands already operating in the Egyptian market and others entering it for the first time, contributing to the creation of about 6,000 job opportunities. These new accommodations will allow visitors to Discover Egypt's most visited attractions and the wonders of the land of pharaohs in complete comfort.

The meeting also touched upon expanding specialized tourism patterns, foremost of which are branded serviced apartments, to meet the diversity of tourism demand. Whether travelers choose to Enjoy our 6 Days Cairo. Ismalia, Alexandria, and El Alamein, or state that We're going to visit some cool places on this Alexandria 4-day trip. We'll visit the key historic landmarks, these new accommodations will provide ideal lodging options. Additionally, a number of proposals and visions that would support increasing hotel capacity and attracting more investments to this sector were discussed.

In this context, the Minister referred to the Ministry's efforts to diversify tourist accommodation patterns, pointing out the introduction of the "Vacation Apartments" pattern, along with the adoption of its regulating guidelines, to ensure compliance with quality, safety, and occupational health standards. These developments ensure that With us, you will get to spend a luxurious 5-day trip discovering the best of Egypt's historic and coastal destinations under premium standards.

For their part, the company's officials expressed their aspiration to strengthen cooperation with the Ministry, facilitate procedures, and coordinate with the relevant authorities to support the execution of their projects according to the specified schedules.

At the conclusion of the meeting, the Minister affirmed the Ministry's readiness to provide the necessary facilitations in this regard to drive tourism investments and achieve development targets in the sector.

The meeting was attended by Mr. Mohamed Amer, Head of the Central Administration for Hotel Establishments, Shops, and Tourism Activities at the Ministry, and Dr. شريف عبد الجواد (Sherif Abdel Jawad), Secretary-General of the Tourism and Antiquities Support Fund.