Dr. Hussein Issa, Egypt's Deputy Prime Minister for Economic Affairs, recently held a meeting with the executive presidents of companies under the Holding Company for Tourism and Hotels. The meeting was attended by Amr Attia, the company's Executive Managing Director. The discussions focused on the financial and operational performance indicators of the Holding Company and its subsidiaries. They also reviewed the current status of ongoing projects, hotel expansions, and tourism development plans.
The meeting covered the latest business results of the Holding Company and its subsidiaries in the tourism, hotel, and internal trade sectors. The attendees reviewed the progress made on several projects and hotel expansions. These efforts aim to improve performance, increase asset utilization efficiency, and maximize economic and investment returns. Dr. Issa emphasized Egypt's exceptional tourism potential and the significant growth in inbound tourism.
Dr. Issa highlighted the importance of investing in the hotel sector and increasing its attractiveness to new tourist segments and markets. This, he noted, would enhance Egypt's position on the global tourism map. The Deputy Prime Minister emphasized that the tourism and hotel sector is a key driver of economic growth. It provides foreign currency resources, creates job opportunities, and generates multiple economic, developmental, and social benefits.
Dr. Issa stressed the need to continue developing tourism and hotel assets, reviving historical assets, and improving operational efficiency. He also emphasized the importance of expanding hotel capacities to meet growing tourism demand. This includes diversifying products and services and continuously improving the quality of the tourism experience. Dr. Issa highlighted the need to apply modern hotel management and marketing methods.
The Deputy Prime Minister acknowledged the strength and diversity of the Holding Company for Tourism and Hotels' portfolio. He emphasized the importance of maximizing returns on these assets and expanding high-value-added projects. The company aims to enhance partnerships with the private sector. Amr Attia, the Executive Managing Director, stated that the company's plan focuses on enhancing the group's competitiveness and leadership in the tourism and hotel sector.
The meeting reviewed the current status of several tourism and hotel projects. These include the development of the historic Shepherd Hotel on the Nile Corniche and the revival of the historic Continental Hotel. Other projects include the development of the Nile Ritz-Carlton Hotel in central Cairo and the Jazeera Asila resort in Marsa Alam. The company is also working on several other projects, including hotel expansions and new investments.
The Holding Company for Tourism and Hotels has a diverse portfolio of companies operating in the tourism and hotel sectors. Its subsidiaries include the Egyptian General Company for Tourism and Hotels (Egohc), Egypt Hotels, and Egypt Tourism. The company aims to maximize economic and investment returns from its assets while promoting sustainable development and enhancing its leadership in the sector.
Key points
- Dr. Hussein Issa reviews the status of tourism and hotel projects under the Holding Company for Tourism and Hotels.
- The company aims to enhance partnerships with the private sector and maximize returns on its assets.
- Egypt's tourism sector is a key driver of economic growth, providing foreign currency resources and creating job opportunities.
