Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny chaired a meeting of the General Authority for Tourism Development’s board of directors to review the authority’s work, progress on tourism development projects and efforts to stimulate tourism investment.
The meeting approved a package of measures to support tourism investment, including:
Rescheduling instalments owed by tourism development and investment companies, without affecting the deadlines for subsequent instalments, as part of the facilitation measures previously approved by the board.
Extending the deadline for tourism development and investment companies that have preliminary approvals and have met their financial obligations, allowing them to complete the preliminary approval stage and begin final allocation procedures.
The board reviewed the authority’s revenues from July 1, 2025, to January 20, 2026, which reached approximately EGP 4.689 billion, exceeding the target for the same period of the current fiscal year by 294%. The authority is also updating its technical regulations governing requirements and conditions to support the tourism investment climate.
El-Sherbiny affirmed support for committed investors in hotel projects and the provision of all necessary facilitation to increase the number of hotel rooms. He directed continued coordination and intensified efforts to stimulate tourism investment and keep pace with developments across different fields, according to the Egyptian Cabinet’s official Facebook page.
