The country is aiming for 30 million visitors by somewhere between 2030 and 2031, and that would require major build-out in hotel capacity.

Credits: Unsplash; Author: Dilip Poddar;

The hotel business in Egypt has been attractive for foreign investors, earning $43.75 billion in foreign direct investment last year, under half of which came from the UAE, which allocated $20.4 billion and is looking to develop the country’s Mediterranean coast.