Dr. Badr Abdelatty, Minister of Foreign Affairs, Emigration and Egyptian Expatriates, met today in New Delhi, India, with Ajay Mehra, Vice President of India's Oberoi hotel group, to discuss the importance of making use of the distinguished investment opportunities offered by the Sovereign Fund of Egypt and of expanding the group's business in Egypt by establishing more hotels and restaurants in various Egyptian cities.
The foreign minister reviewed the distinguished investment opportunities offered by the Sovereign Fund of Egypt in sectors of interest to the Indian side, particularly real estate and hospitality, explaining the opportunities for cooperation between the Sovereign Fund of Egypt and the Oberoi Group in developing a number of buildings and assets, especially following the relocation of ministries and government bodies to the New Administrative Capital.
The foreign minister also reviewed Egypt's vision for increasing the number of tourists coming to Egypt, encouraging the company to expand its business in Egypt by establishing more hotels and restaurants in various Egyptian cities, in light of the drive to attract more Indian tourists, who are showing growing interest in visiting Egypt, whether to visit archaeological and historical sites or for leisure services. The foreign minister also addressed the company's intention to build a hotel near the Pyramids area, in addition to its management of a number of existing hotel projects in Cairo and Aswan, according to the official Facebook page of the Cabinet.
