Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, chaired a meeting of the Board of Directors of the General Authority for Tourism Development to review the Authority’s work and the status of tourism development projects, Invest-Gate reports.

The meeting was attended by board members, some of whom participated via video conference, as well as officials from the Ministry of Housing.

During the meeting, the efforts of the General Authority for Tourism Development from July 1, 2024, to May 15, 2025, were reviewed. This discussion was framed within the mechanisms established by the Board of Directors and the policies adopted to activate the obligations of tourism development and investment companies.

The meeting also highlighted the facilities granted to exempt companies from late payment fines by 80% if payments are made within a specific period, noting the positive impact on balancing revenues and surpluses while supporting the tourism development movement.

Additionally, the Board of Directors reviewed the quarterly “March 2025” report on the implementation status of the Authority’s projects in various development sectors. The report detailed 572 major projects, 505 limited development projects, and 67 integrated development projects comprising a total of 1,137 sub-projects.

Furthermore, the meeting addressed the results of the Board of Directors’ initiative to facilitate debt repayment, which targeted 209 companies. Efforts to modernize the organizational structure of the General Authority for Tourism Development and the draft executive regulations regarding the management and exploitation of lands allocated to the Authority were also discussed.