{"id":619169,"date":"2024-04-28T00:00:00","date_gmt":"2024-04-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/28\/growing-gulf-investor-interest-in-egypt-is-catching-the-attention-of-the-international-press\/"},"modified":"2024-04-28T00:00:00","modified_gmt":"2024-04-28T00:00:00","slug":"growing-gulf-investor-interest-in-egypt-is-catching-the-attention-of-the-international-press","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/28\/growing-gulf-investor-interest-in-egypt-is-catching-the-attention-of-the-international-press\/","title":{"rendered":"Growing Gulf investor interest in Egypt is catching the attention of the international press"},"content":{"rendered":"

The international press zeroes in on Egypt-bound Gulf investments: <\/strong>Abu Dhabi wealth fund ADQ has made big investments in the Egypt\u2019s lucrative tourism sector this year \u2014 including, but not limited to the landmark USD 35 bn Ras El Hekma<\/a> agreement \u2014 and Saudi Arabia could soon be following suit in south Sinai, thinks Bloomberg<\/a>, as the Gulf powerhouses seek to shore up the country\u2019s economy and ensure regional stability through investments rather than handouts. <\/p>\n

Luxury tourism in particular could benefit from the new influx of funds,<\/strong> bringing Egypt\u2019sstandards up to those of luxury customers, Abu Dhabi Commercial Bank Chief Economist Monica Malik told the outlet.<\/p>\n

It\u2019s not just Egypt\u2019s travel destinations that are attracting Gulf attention: <\/strong>Both the UAE andSaudi Arabia have reportedly shown interest in the stake sale of Egypt\u2019s military-built petrol station chain Wataniya<\/a>, while Qatar could also be joining the mix, with its eye on a stake in Vodafone Egypt<\/a>.<\/p>\n

ALSO PUTTING EGYPT IN THE NEWS- Shawarma restaurant set up by displaced Gazan<\/strong> gives Palestinian refugees a taste of home: <\/strong>A restaurant opened by a Palestinian businessman who fled Israel\u2019s war on Gaza and had his restaurants and house destroyed in the siege has set up shop in Cairo, offering Egyptians and Palestinans alike a taste of authentic Gazan shawarma, writes Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Both the UAE and Saudi Arabia have reportedly shown interest in the stake sale of Egypt\u2019s military-built petrol station chain Wataniya<\/p>\n","protected":false},"author":1,"featured_media":619170,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[72,564,167,587,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-egypt-in-the-news","tag-enterpriseam","tag-food","tag-gaza","tag-state-privatization-program","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"68c9c9c3-7718-4cf7-9424-dd389ad939c2","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1671.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Growing Gulf investor interest in Egypt is catching the attention of the international press","related_issue":[619148],"teaser":"Both the UAE and Saudi Arabia have reportedly shown interest in the stake sale of Egypt\u2019s military-built petrol station chain Wataniya","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.633396b0-8b40-428b-be43-ea78b1906391.mp3"},"yoast_head":"\nGrowing Gulf investor interest in Egypt is catching the attention of the international press - 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The ministry\u2019s campaign uses billboards, primetime TV ads, and online content to target GCC-based tourists.","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":667201,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/22\/qatar-mulls-usd-3-5-bn-north-coast-tourism-project\/","url_meta":{"origin":619169,"position":1},"title":"Qatar mulls USD 3.5 bn North Coast tourism project","author":"enterpriseam admin","date":"22 June 2025","format":false,"excerpt":"The agreement is expected to be inked by the end of 2025","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/6\/1183.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645179,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/13\/saudi-arabias-tourism-investments-in-egypt-are-on-the-rise\/","url_meta":{"origin":619169,"position":2},"title":"Saudi Arabia\u2019s tourism investments in Egypt are on the rise","author":"enterpriseam admin","date":"13 July 2017","format":false,"excerpt":"Saudi Arabia\u2019s tourism investments in Egypt are on the rise, with Tourism Minister Yehia Rashid reportedly stating that they are on track to rise 30% by 2020, writes Nada Al Rifai for Thomson Reuters\u2019 Zawya. There are currently 17 Saudi-funded projects worth USD 270 mn underway \u2014 six projects in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571161,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/03\/mena-fund-managers-plan-to-increase-their-exposure-to-egypt-this-quarter\/","url_meta":{"origin":619169,"position":3},"title":"MENA fund managers plan to increase their exposure to Egypt this quarter","author":"enterpriseam admin","date":"3 May 2020","format":false,"excerpt":"MENA fund managers plan to increase their exposure to Egypt over the next three months, according to a Reuters poll. The majority of managers are bullish on investments in Egypt despite the market\u2019s \u201cexposure\u201d to the economic fallout caused by covid-19, including a drop in tourism and remittances, both of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":547556,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/27\/a-30-stake-in-the-new-hotels-company-will-be-up-for-grabs-the-saudis-have-their-eyes-on-the-stake-in-egyptalum\/","url_meta":{"origin":619169,"position":4},"title":"A 30% stake in the new hotels company will be up for grabs + the Saudis have their eyes on the stake in Egyptalum","author":"enterpriseam admin","date":"27 June 2022","format":false,"excerpt":"PIF has its eyes on our tourism and aluminum sectors: The Saudi sovereign wealth fund could be snagging a \u201csignificant\u201d stake in the new hotels company made up of several merged state hotels, Hapi Journal quotes Public Enterprises Minister Hisham Tawfik as saying. The Public Investment Fund (PIF) could snag\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/310.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578556,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/04\/a-qatari-company-wants-the-ramses-hilton\/","url_meta":{"origin":619169,"position":5},"title":"A Qatari company wants the Ramses Hilton","author":"enterpriseam admin","date":"4 January 2023","format":false,"excerpt":"Qatar has its eye on the Ramses Hilton: Qatar\u2019s Al Kuwari Group has submitted an offer to acquire the Ramses Hilton hotel for USD 320 mn, Bloomberg Asharq reported yesterday, citing what it says are two sources close to the matter. The Arab International Company for Hotels and Tourism, which\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/61.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=619169"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619169\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/619148"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/619170"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=619169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=619169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=619169"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=619169"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=619169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}