Prime Minister Mostafa Madbouly on Sunday, October 19, 2025, issued directives for ensuring the optimal use and development of the state’s assets, particularly in the tourism sector, with the aim of increasing hotel capacity and doubling the number of tourists visiting Egypt.
Madbouly made the remarks during a meeting he held with Minister of Public Business Sector Mohamed Shimy to review investment opportunities in the tourism and construction sectors.The meeting was attended by Amr Attia, Chairman of the Holding Company for Tourism and Hotels and Mostafa al-Kady, CEO of Emaar Misr for Development.“
Our objective in this meeting is to explore investment opportunities in these sectors and promote partnerships with the private sector, in line with the State Ownership Policy Document, with a view to injecting investments to develop these assets and ensure their effective, well-governed management,” the premier said.Meanwhile, Shimy highlighted the Ministry of Public Business Sector’s commitment to maximizing the value of its assets, developing them, and investing in them in a way that generates significant economic and tourism returns for the country.
He also reviewed investment opportunities in the tourism and construction sectors, as well as assets suitable for hotel projects.These assets include Cosmopolitan building, owned by the the Egyptian General Company for Tourism and Hotels (EGOTH), distinguished by its unique architectural details and growing historical and cultural value, making it an exceptional attraction when compared with modern hotels, the minister said.
He also talked about investment prospects within companies affiliated with the ministry.
