The talks centered on high-profile developments managed through Legacy Hotels, a joint venture between the state-owned EGOTH (Egyptian General Company for Tourism and Hotels) and ICON, the hospitality arm of TMG.
A key focus of the meeting was the expansion of the historic
Mena House Hotel, located at the foot of the Giza Pyramids. The project aims to
upgrade the hotel's efficiency and service standards to meet international
luxury benchmarks while preserving its unique heritage status.
The officials also reviewed the construction status of the Four
Seasons Luxor. Built on the historic Sultana Malak land overlooking the Nile,
the project is designed to strengthen Luxor’s position as a premier global
cultural tourism destination.
Minister Shimi emphasized the government’s commitment to serious
investment partnerships with major national entities to maximize the economic
returns of state-owned assets. The goal is to increase hotel capacity and
support the state's plan for sustainable tourism growth. These projects
represent a qualitative addition to Egypt's hospitality sector.
The partnership reflects a broader Egyptian strategy to
leverage private sector expertise and capital to modernize aging state
infrastructure and meet the rising demand for luxury accommodations.
The meeting was attended by senior officials from the Ministry of Public Business Sector, including Amr Attia, Managing Director of the Holding Company for Tourism and Hotels, Counselor Saeed Arafa, the Ministry's legal advisor, Counselor Mohamed Hegazy, the Minister's legal advisor, and Amal Saleh, the Minister's advisor for joint venture affairs, and Hisham El-Demery, Managing Director of EGOTH.