Eng. Sherif El-Sherbiny, Minister of Housing, Utilities and Urban Communities, received Dr. Bandar bin Fahd Al Fuhaid, President of the Arab Tourism Organization, and his accompanying delegation to discuss strengthening cooperation in tourism investment, in the presence of officials from the ministry and the New Urban Communities Authority.
El-Sherbiny affirmed that there are now many diverse and promising investment opportunities in the new cities and in the areas that have been developed, as well as in the sites whose jurisdiction has been transferred to the Ministry of Housing and the New Urban Communities Authority in various governorates.
The minister noted that work is being carried out through key mechanisms for offering investment opportunities in the new cities, making them available through an electronic platform, in addition to a mechanism for foreign companies and alliances of foreign and Egyptian companies, and the establishment of a unit for major investors, stressing his keenness to provide all support and facilitation to all serious investors and noting that major facilitation is also being provided for investment in the hotel sector.
For his part, Dr. Bandar bin Fahd Al Fuhaid praised the efforts of the Egyptian state, saying that what he saw in the New Administrative Capital is the greatest evidence of Egypt's achievements in urban development, as well as the incentives the Egyptian government provides to investors given their significant impact on increasing investment, expressing his pride in the continued cooperation with Egypt and praising Egypt's successes in developing its tourism infrastructure.
During the meeting, promising investment opportunities in New Alamein City, the New Administrative Capital and a number of new cities were reviewed, particularly hotel investment, and it was agreed to continue cooperation and coordination between the Ministry of Housing and the Arab Tourism Organization to strengthen joint cooperation and discuss the details of a number of investment opportunities, according to the official page of the Egyptian Cabinet on Facebook.
