Egyptian Prime Minister Mostafa Madbouly announced Tuesday that the government has several ideas to increase hotel room numbers, which include converting government buildings in downtown Cairo into new hotels.
He explained that this will contribute towards achieving the state’s goals of reaching 30 million tourists.
These government buildings have been vacated following the relocation to the New Administrative Capital, he explained.
Madbouly gave an example with the Ministries Square area in downtown Cairo, which can now be converted into hotels as is currently happening in the Tahrir Complex.
“The second idea is the state’s willingness to enter into a partnership with tourism investors, so that the state undertakes the construction of hotels on state lands, while investors fully undertake management and marketing,” he added.
Madbouly said that construction would be done according to designs submitted by investors.
The prime minister said that there will be an option to transfer the ownership to the investors who wish to do so later according to a prior agreement.
“The third idea is the state’s current readiness to invest in the Red Sea region, as Egypt has some distinguished islands there,” he said, stressing the state’s endeavor to optimally use these islands for tourism purposes in cooperation with tourism investors.
