Egypt opened and reopened 14,209 rooms between December 2022 and December 2023, raising its hotel capacity by 7 percent, according to a statement by the Egyptian Ministry of Tourism and Antiquities.
The Tourism Ministry expects to open 25,000 hotel rooms by the end of 2024, according to the statement.
Minister of Tourism and Antiquities Ahmed Issa underscored the importance of accelerating the construction of the necessary hotel rooms as Egypt targets attracting 30 million tourists by 2028.
He emphasized the necessity of promptly providing banks and various civil institutions representing the private sector with the specific regulations for the new hotel investment incentives approved recently by the Cabinet, as soon as the executive regulations are finalized.
Source: State Information Service Egypt
