Misr Italia Plans 21 Hotels and 3,200 Rooms in Egypt by 2032
Egypt's Minister of Tourism and Antiquities, Sherif Fathy, has held discussions with Misr Italia Properties on expanding hotel investment across the country's key tourist destinations. During the meeting with CEOs and Managing Directors Karim El Assal and Mohamed Elassal, Fathy underscored the strategic importance of tourism to Egypt's economy, citing its role in generating foreign currency revenues and creating employment, while reaffirming the government's commitment to incentivising hospitality investment to strengthen Egypt's competitiveness as a global destination.
Misr Italia outlined plans to develop and open 21 hotels by 2032, comprising 3,214 rooms across multiple tourist destinations, in partnership with international hospitality brands - including some entering the Egyptian market for the first time. The expansion is projected to create approximately 6,000 jobs. Discussions also covered the growth of branded hotel apartments as an emerging accommodation model, with the ministry noting recent regulatory measures to ensure quality, safety, and occupational health standards across the segment.
Source: Zawya
