Eng. Mohamed Shimy, Minister of Public Business Sector, held a meeting with Eng. Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding, to discuss ways to strengthen joint cooperation on a number of major tourism and hotel projects.
During the meeting, a number of ongoing hotel projects, future expansion opportunities and ways to strengthen the partnership between the ministry's Holding Company for Tourism and Hotels and Talaat Moustafa Group were discussed, as part of supporting cooperation between the public and private sectors in tourism and hotel investment.
The meeting also discussed the status of a number of joint projects, foremost among them the Four Seasons Luxor hotel project, being implemented by ICON on the Sultana Malak land, owned by EGOTH, on the banks of the Nile, which represents a qualitative addition to the portfolio of luxury hotels in Upper Egypt.
The meeting reviewed the current status of the hotels of Legacy Hotels and Tourist Projects Company, in which EGOTH, affiliated with the Holding Company for Tourism and Hotels, one of the Ministry of Public Business Sector's companies, holds a stake together with ICON, affiliated with Talaat Moustafa Group. It also reviewed plans for new hotel expansions, helping strengthen the capacity of Egypt's luxury hospitality sector and supporting the state's efforts to advance tourism as one of the drivers of the national economy.
During the meeting, the Minister of Public Business Sector stressed the importance of partnership between leading national entities in the public and private sectors and the need to accelerate the pace of implementation of joint projects, in line with the Egyptian state's vision to maximize returns from tourism and hotel assets, enhance competitiveness in the regional and international tourism market and support the sustainable growth of Egypt's tourism sector.
Attending the meeting from the Ministry of Public Business Sector were Saeed Arafa, the ministry's legal advisor; Amal Saleh, advisor to the minister; Amr Attia, Managing Director of the Holding Company for Tourism and Hotels; and Hisham El-Demiry, Managing Director of EGOTH, according to the official Facebook page of the Egyptian Cabinet.
