Wednesday 07/January/2026 – 09:32 PM
communication Ministry of Business Sector The year implemented an integrated strategy to maximize the return on state-owned tourism and hotel assets, through developing historical hotels, raising their operational efficiency, and launching new projects in partnership with the private sector, in a way that supports the tourism sector and enhances economic revenues within the framework of Egypt’s Vision 2030.
Shepherd Hotel… expected to operate in 2027
Engineer Mohamed Shimi, Minister of Public Business Sector, revealed a plan to operate the historic Shepherd Hotel in Cairo by July 2027, with the Chinese international hotel brand Mandarin Oriental taking over its management, as part of a comprehensive plan to revive the hotel and raise it to the five-star category.
The development project includes modernizing the main building, and constructing a new annex building that adds hotel capacity, along with a parking garage, a group of restaurants, service facilities, and a swimming pool, bringing the total capacity to 269 rooms and suites, in accordance with the latest international standards. The project is being implemented in partnership with the Saudi Al Sharif Holding Group and the international Mandarin Oriental Group, taking advantage of the hotel’s distinguished location overlooking the Nile River in the Garden City area.
“Jet Beach” Hotel… development with usufruct right
Contracts were signed to develop and operate a number of assets under the usufruct system, including the “Jet Beach” Hotel in Ain Sokhna, for a period of 20 years for the benefit of the Egyptian General Company for Tourism and Hotels “EGOTH”, affiliated with the Holding Company for Tourism and Hotels, as part of the expansion of partnership models.
The investment cost of the project is about 120 million pounds, and implementation is to be completed within a period not exceeding 18 months. The development plan includes a comprehensive modernization of the hotel and its annexes in accordance with the latest hospitality standards, and the addition of new service and entertainment spaces, with the operation being assigned to one of the companies specialized in hotel management.
“Nefertari Abu Simbel”… rehabilitation and tourism investment
EGOTH also signed a usufruct contract with Misr Aswan Tourism Company to manage and rehabilitate the Nefertari Abu Simbel Hotel, with investments estimated at approximately 100 million pounds, and for a usufruct period of 25 years, subject to renewal.
The hotel is located on a total area of 13,765 square metres, and includes 123 rooms, including 10 suites. It enjoys a unique location on a sandy rocky cliff overlooking the High Dam Lake, and is only about 150 meters from Abu Simbel Temple, one of the World Heritage Sites listed on the UNESCO list, which enhances its tourist appeal and allows visitors to reach the temple on foot.
“Continental”.. Reviving a historical icon
The project to revive the historic Continental Hotel in downtown Cairo is one of the most prominent ongoing projects, as it has been contracted with the Indian Hotels Company Limited to manage and operate it under the international brand “Taj”, becoming the first hotel to carry this brand in the Egyptian market, thus contributing to enhancing Cairo’s position on the global tourism map.
The hotel project will be built on an area of about 10,000 square meters, with a hotel capacity of up to 300 rooms and suites at a 5-star level, in addition to 3 basements (services and a car garage).
A comprehensive strategy to maximize returns
The Minister of Public Business Sector confirmed that all these projects aim to restore the historical status of Egyptian hotels as prominent tourist attractions, and integrate them into luxury tourism projects, thus contributing to increasing tourist attraction and maximizing economic returns.
The Ministry adopts various models of exploitation, including partnerships with real estate developers, a usufruct system, and establishing joint projects with the private sector, in order to achieve a balance between maximizing returns and preserving state ownership of assets.
The Ministry also pays special attention to exploiting distinguished lands in strategic locations to establish projects with high economic feasibility, taking into account social and environmental dimensions, and adhering to regulatory requirements and environmental standards.
Business opportunities and asset governance
These projects contribute to providing direct and indirect job opportunities, stimulating the movement of local and foreign investment, in addition to strengthening the governance of asset management, as the highest standards of transparency and disclosure are applied in all stages of contracting and implementation.
The report indicated that the Ministry of Public Business Sector aims to maximize the land portfolio of subsidiaries through inventory, planning, and investment partnerships, in order to achieve sustainable economic and development returns, and support the state’s plan to advance the tourism sector and enhance its contribution to the national economy.
