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Egypt Signs Tourism Investment Deal to Accelerate Development of State-Owned Assets

Summary by Sada El Balad
Egypt’s Prime Minister Moustafa Madbouly on Wednesday witnessed the signing of a cooperation protocol between the Tourism Development Authority (TDA) and the Future of Egypt Authority for Sustainable Development, aimed at boosting tourism investment, improving the utilization of state-owned assets and accelerating the implementation of tourism development projects. The agreement was inked at the government headquarters in New Alamein in the pres…
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Despite a tense geopolitical context in the Middle East, Egypt is attracting ever more international visitors. The tourism sector, a pillar of the national economy, is showing remarkable resilience in 2026.According to Egyptian Minister of Tourism and Antiquities, Sherif Fathy, the country recorded a 4% increase in the number of visitors in the first half of 2026. "We expect to finish the year with an increase of 5 to 7%," he told AFP. French to…

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Sada El balad broke the news on Thursday, August 6, 2026.
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