PM, Housing Ministry Take Measures to Boost Tourism Investments, Maximize Role of General Authority for Tourism Development

PM, Housing Ministry Take Measures to Boost Tourism Investments, Maximize Role of General Authority for Tourism Development

Mustafa Mounir, Technical Advisor to the Ministry of Housing, Utilities, and Urban Communities, has held a meeting with a committee tasked with maximizing the role of the General Authority for Tourism Development, Invest-Gate reports.

As part of an effort to boost tourism investments, the committee was formed under the directives of Prime Minister Mostafa Madbouly and organized by a decision from the Minister of Housing, Utilities, and Urban Communities Assem El-Gazzar.

The meeting was also attended by Ehab Salem, Assistant to the Ministry of Tourism and Antiquities, along with representatives from the Ministries of Defense, Planning and Economic Development, Interior, Local Development, and other relevant parties.

Mounir explained that the committee aims to develop an urgent plan to enhance the performance of the General Authority for Tourism Development. This includes the launch of an electronic platform for investment in tourism, which will feature a comprehensive map of Egyptian tourism that encompasses various investment opportunities.

The platform will provide information on pricing, procedural approvals, and updates on current locations and plans of tourist centers in line with the requirements of the tourism market.

Additionally, the committee aims to diversify mechanisms of participation with the state, focusing on new promising tourist areas. It also seeks to swiftly address obstacles encountered during project implementation, establish an automated system to monitor projects from inception to completion, and regulate the relationship between tourism developers and small investors in integrated development projects.

Furthermore, the committee aims to enhance the tourist housing system, known as “tourist villages,” develop new tourism products, and support medium and small investors through credit facilities in coordination with the Ministry of Finance and the Central Bank of Egypt.

Mounir highlighted that several preliminary general proposals were discussed during the meeting. These proposals include formulating an integrated tourism development strategy that positions Egypt as a world-leading tourist destination.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register