Egyptian President Abdel Fattah El-Sisi reaffirmed Egypt’s commitment to expanding its tourism and investment sectors during a high-level meeting with Qatari business leaders in Doha, emphasizing the country’s vast economic potential and welcoming increased bilateral cooperation.
President El-Sisi underscored Egypt’s rich tourism assets and the sector’s role as a cornerstone of the national economy. He revealed the government’s ambitious goal of doubling annual tourist arrivals from 16 million to 30 million, aligning with broader plans to modernize infrastructure and boost tourism-related investments.
Tourism as a Growth Engine
“El-Sisi highlighted that Egypt possesses world-class tourist attractions capable of driving substantial economic growth,” a presidential spokesperson noted. “The government is actively investing in tourism infrastructure, including airports, roads, and hospitality services, to accommodate the targeted increase in visitor numbers.”
This comes as Egypt positions tourism as a strategic pillar of its post-pandemic economic recovery, with new international partnerships and digital transformation efforts aimed at enhancing the visitor experience.
Commitment to Investment Reform
In his address, President El-Sisi also tackled recent economic challenges, stating that while Egypt has endured difficult economic periods in recent years, the government has implemented decisive economic reforms that have improved the investment climate.
He assured business leaders that foreign investors now face no restrictions on repatriating profits in foreign currency and that the state is committed to minimizing red tape. Measures include the implementation of the “single-window system” for business licensing and the rollout of the “golden license” for strategic investment projects.
Diversified Investment Opportunities
President El-Sisi highlighted a wide array of investment prospects in Egypt, spanning: tourism, real estate development ICT, digital infrastructure, manufacturing and industrial transformation, renewable and clean energy
He also pointed to the government’s focus on localizing industries and encouraging the adoption of advanced technologies, particularly artificial intelligence, as part of Egypt’s long-term development strategy.
“The Egyptian side is open to a variety of partnership models,” El-Sisi said, inviting Qatari investors to explore joint ventures, public-private partnerships, and direct investments in Egypt’s evolving market.
Qatar-Egypt Economic Ties on the Rise
The interactive dialogue between El-Sisi and Qatari business leaders reflected growing momentum in Qatar-Egypt economic relations, which have witnessed renewed vigor in recent years. The meeting served as a platform to discuss expanding bilateral trade, cross-border investment, and infrastructure collaboration.
With Egypt offering competitive incentives and actively streamlining investment procedures, both sides expressed optimism about deeper cooperation across strategic sectors.
