Hotel sector
The funding aims to accelerate investments in construction and finishing efforts and is subject to prior approval from the Ministry of Tourism and Antiquities
Tourism minister also highlighted the significant growth opportunities within Egypt's tourism sector especially the hotel industry, which will contribute to achieving the target of having 400,000 hotel rooms by the end of 2028
JLL’s Cairo Real Estate Market Overview Report for Q1 2023 predicts that the expected FDI inflow will relieve pressure on real estate activities across the country, particularly in Cairo
Orascom Development Egypt’s sales surged 96 percent year-on-year and 187.9 percent quarter-on-quarter to LE 533.4 million in the second quarter.
The hotels segment’s revenues hiked 145.2 percent to LE 448.8 million, rising from LE 183 million in H1 of 2016.
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