Egypt plans massive hotel expansion to boost tourism

Egypt is seeking to add around 200,000 to 250,000 hotel rooms to boost its capacity to host 30 million tourists per year, according to the Prime Minister Moustafa Madbouly.

The government is eying expanding hotels in the Red Sea and North Coast regions, following the successful models in Sharm El-Sheikh and Hurghada. Additionally, new tourist destinations are being explored in places like Ras El Hekma.

The Minister of Housing, Utilities, and Urban Communities presented potential hotel sites across 10 new cities and three governorates. These locations, having areas totalling 1,381 acres, could accommodate over 200,000 hotel rooms.

He also assessed investment opportunities in several hotel plots, highlighting 12 opportunities in the Marina Alamein Centre and its southern extension. These opportunities could potentially add around 3,000 hotel rooms.

New Alamein City offers 10 opportunities for 9,000 rooms, while New Damietta City has two sites for 2,200 rooms. Additionally, West Port Said and New Aswan have potential for 1,200 rooms each.

He highlighted the investment prospects in the New Administrative Capital (NAC) is set to feature an iconic tower with 485 hotel rooms, along with two other sites for a combined 1,700 rooms.

Attribution: The Cabinet statement