Egypt Formulates Clear Plans to Promote Investment in Tourism Sector

Prime Minister Moustafa Madbouli has revealed that the Egyptian government is working on specific targets to enhance investment opportunities across various sectors, with a strong emphasis on tourism. A meeting was held at the New Administrative Capital to discuss investment opportunities in the tourism and antiquities sectors, attended by key officials including Minister of Tourism and Antiquities Sherif Fathy and Minister of Investment and Foreign Trade Hassan el Khatib.

During the meeting, Fathy highlighted the establishment of an 'investment opportunities bank' to manage investment opportunities and present available projects and opportunities to achieve strategic goals. The minister also presented an investment map for tourism and antiquities, aiming to attract 30 million tourists by 2031, with a focus on increasing Egypt's hotel capacity. In 2024, Egypt added 7,200 new hotel rooms, with an expected 19,000 additional rooms in 2025 through new projects and expansions.

Key Takeaways:

• The Egyptian government is formulating specific targets to promote investment opportunities in the tourism sector.
• A specialized unit is being formed to manage investment opportunities in the tourism sector.
• The unit aims to establish an 'investment opportunities bank' to present available projects and opportunities to investors.
• Egypt aims to attract 30 million tourists by 2031, with a focus on increasing hotel capacity.
• In 2024, Egypt added 7,200 new hotel rooms, 55% of which were new builds.
• In 2025, around 19,000 additional rooms are expected through new projects, expansions, and national initiatives.
• Planned investments include tourist restaurants, cafes, and preservation/restoration of antiquities.
• The Supreme Council of Antiquities has implemented an average of 36 projects per year over the past 5 years.
• Investments across governorates between 2025-2031 will cover hotels, restaurants, safari camps, amusement parks, and rehabilitation and operation of archaeological sites and museums in partnership with the private sector.
• The meeting marks the third consecutive sectoral review within Egypt's unified national investment strategy, which aims to increase FDI across all sectors.

Statistics:

• 30 million tourists: Egypt's target to attract by 2031.
• 7,200: New hotel rooms added in 2024.
• 55%: Proportion of new hotel rooms built in 2024.
• 19,000: Additional hotel rooms expected in 2025.
• 2031: Target year to attract 30 million tourists.
• 2024-2025: Period of planned investments in the tourism sector.

Sources:

• State Information Service Egypt
• (State Information Service Egypt, 10 Jun 2025)