El Gamal Group has partnered with the global hotel chain BWH Hotels to launch a new hotel project under the Best Western Plus brand.

Prime Minister Mostafa Madbouly witnessed the signing of a memorandum of understanding (MoU) between ADD Properties, a subsidiary of Sami Saad Holding Group, and Hyatt Hotels Group to expand branded hotel and residential investments across Egypt.

Prime Minister Mostafa Madbouly held a meeting to follow up on the development plans for seven historic hotels previously offered under the government’s privatization program.

Minor Hotels has signed a memorandum of understanding (MoU) with Somabay Hotel Company to develop a hotel under its luxury Anantara brand in Egypt.

Banque Misr, Egypt’s second-largest state-owned bank, is set to partner with Saudi and Kuwaiti investors to construct a five-star hotel in Giza.

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.