The Tourism Ministry is considering three scenarios for the upgrade of Egypt’s hotels and resorts through its planned private equity fund, unnamed sources told Al Mal. The scenarios include the fund fully acquiring hotels and developing a plan to increase revenues; partially acquiring hotel shares and using dividends to pay off its debts; and hiring an international management company to take the lead on the process. The move would be part of a comprehensive sector strategy, called “E-Trip,” that would include new legislation for the industry, which is set to be officially proposed to the House of Representatives at the end of the month.

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