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Shimi: Revival projects of historic hotel assets across governorates

فريق رجال الأعمال news 09 September 2025 11:16 PM
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Shimi: Revival projects of historic hotel assets across governorates

Minister of Public Enterprises Mohamed Shimi held an expanded meeting with the CEOs of companies affiliated with the Holding Company for Tourism and Hotels, as part of a periodic review of performance indicators, operating rates, and the status of ongoing and new projects within the ministry’s tourism and hotel portfolio.

Shimi stressed that the state attaches great importance to the tourism sector, considering it a key pillar of the national economy and a major source of foreign currency. He highlighted ongoing efforts to strengthen Egypt’s position on the global tourism map and consolidate its appeal as a destination that combines rich history with a diverse tourism offering.

He noted that the ministry prioritizes expanding tourism programs and services in line with the highest international standards, ensuring the delivery of an integrated tourism product that matches global competition. This includes projects to revive historic hotel assets and upgrade existing hotels, in addition to new expansions that will increase hotel capacity and maximize both economic and tourism returns.

The minister reviewed the progress of several flagship projects, including the revitalization of the historic five-star Continental Hotel in Opera Square, downtown Cairo; the development of the historic Shepheard Hotel in Garden City to five-star status; and the renovation of the Nile Ritz-Carlton Hotel overlooking the Nile Corniche and Tahrir Square.

He also assessed expansion projects in the governorates, such as the extension of the Steigenberger El-Lessan Hotel in Ras El-Bar , the final preparations for the opening of the new Hotac Aracan Hotel, and the trial operation of the Nefertari Hotel in Abu Simbel, Aswan. The Four Seasons Hotel Luxor project was also reviewed.

The meeting further covered the development of the Maamoura area in Alexandria, which includes hotel expansions and upgraded services for owners and visitors. Discussions also addressed sound and light projects, including the launch of a new show at the Qaitbay Citadel, the rollout of virtual reality (VR) experiences at archaeological sites starting with the Giza Pyramids, and the enhancement of sound and light shows at the Pyramids area.

Plans were also discussed to leverage real estate assets owned by companies to establish new hotels across the regions, as well as converting some assets of domestic trade companies into hospitality ventures, thereby maximizing resource utilization. The meeting was attended by Amr Attia, Executive Managing Director of the Holding Company for Tourism and Hotels, along with senior ministry officials.

The meeting reviewed the activities and projects of trade companies, including the Wood Trading Company’s plastic wood factory, efforts to modernize domestic trade branches, and the revival of historic retail brands such as, Omar Effendi, and Hano-Banzion. The expansion of the Pontremoli luxury furniture brand was also highlighted, following the renovation of its main branch on Talaat Harb Street and preparations for the opening of a new branch in Alexandria.

The minister urged accelerating the pace of work across all projects while maintaining the highest standards of quality and efficiency. He affirmed that regular follow-ups will continue to ensure the achievement of development and modernization goals, reinforcing Egypt’s image and strengthening its global tourism standing.