Egyptian Prime Minister Mostafa Madbouly and Tourism and Antiquities Minister Ahmed Eissa recently met to discuss the preparation of draft laws related to foreign tourists and the regulation of new tourism companies. During the meeting, Eissa provided an overview of the achievements of the National Tourism Strategy in the tourism and antiquities sectors.
One of the key topics of discussion was improving the investment climate for hotels and recreational activities. As part of the 2023 plan, the Cabinet approved two incentive packages aimed at encouraging private sector investment in hotel room construction.
In terms of legislative reforms, Eissa mentioned the issuance of a new law establishing tourism chambers and organizing a union for them. The executive regulations for this law have already been prepared, along with a draft law addressing the needs of foreign tourists and a general framework for regulating new tourism companies.
Eissa also highlighted the redirecting of spending programs on marketing and promotional activities by the Egyptian General Authority for Tourism Promotion. The success of these efforts has led to increased spending, decreased credit balances, and increased bank balances in 2023, without relying on the state budget for support.
To further empower the private sector in influencing spending policies on marketing and promotion, an integrated plan has been developed. Additionally, the executive regulations for the law establishing tourism chambers and organizing a union for them are nearing completion.
In terms of visa facilitation, Eissa mentioned that measures have been taken to make the process easier for tourists from countries such as Morocco, Tunisia, Algeria, Iraq, Turkey, China, and India. These facilities started working in mid-April 2023, providing a more convenient travel experience for visitors from these countries.
Overall, the meeting between Prime Minister Madbouly and Minister Eissa showcased the Egyptian government’s commitment to enhancing the tourism sector and providing a favorable business environment for both local and international investors.