{"id":621496,"date":"2018-11-11T04:24:53","date_gmt":"2018-11-11T04:24:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/tourism-ministry-to-launch-pe-fund-introduce-legislation-to-overhaul-egypt-tourism-sector\/"},"modified":"2018-11-11T04:24:53","modified_gmt":"2018-11-11T04:24:53","slug":"tourism-ministry-to-launch-pe-fund-introduce-legislation-to-overhaul-egypt-tourism-sector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/tourism-ministry-to-launch-pe-fund-introduce-legislation-to-overhaul-egypt-tourism-sector\/","title":{"rendered":"Tourism Ministry to launch PE fund, introduce legislation to overhaul Egypt tourism sector"},"content":{"rendered":"

<\/a> Tourism Ministry to launch private equity fund, introduce legislation to overhaul sector: <\/strong>The government is looking into establishing a private equity fund to upgrade Egypt\u2019s hotels and resorts and make new investments in the sector, Tourism Minister Rania Al Mashat told Bloomberg TV in an interview out Thursday. The move would be part of a comprehensive sector strategy, called \u201cE-Trip\u201d that would include new legislation for the industry that would be introduced to the House of Representatives. The sector reform strategy would also include administrative reforms, and one of its most high-profile planks will include the 2020 launch of the USD 1 bn Grand Egyptian Museum.<\/p>\n

Expect more details by the end of the month. <\/strong>That\u2019s when Al Mashat plans to make a statement to the House on the future of the sector.<\/p>\n

Expect tourism arrivals to be (nearly) back to 2010 figures by year\u2019s end:<\/strong> The number of tourists arriving to Egypt jumped 40% in 9M2018 from a year earlier, Al Mashat said. \u201cWe expect that by the end of 2018 we will not be at the levels that we\u2019ve seen in 2010, but we are approaching that,\u201d she added. \u201cThe rebound is quite steep and we\u2019re trying to put the industry on a competitive base compared to our peers.\u201d She noted that 8 mn tourists visited Egypt in 2017. Egypt is looking to diversify its inbound markets by targeting holidaymakers from Asia and Latin America.<\/p>\n

You can watch the full interview <\/strong>here<\/strong> (runtime: 5:04)<\/a>.<\/p>\n

Thomas Cook says demand for Egypt is rising:<\/strong> Thomas Cook CEO Peter Fankhauser reportedly told Al Mashat that demand for Egypt is rising among Thomas Cook\u2019s global customer base. Al Mashat met Fankhauser to discuss working together on future campaigns with an eye toward the Chinese and Eastern European markets. The two met on the sidelines of the World Travel Market (WTM) in London. Al Mashat also discussed aspects of the ministry's destination branding strategy in Egypt and its charter flights incentives, according to Al Shorouk<\/a>. The minister had also met with a number of UK members of parliament, travel company executives and other dignitaries at the WTM, the newspaper notes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tourism Ministry to launch private equity fund, introduce legislation to overhaul sector: The government is looking into establishing a private equity fund to upgrade Egypt\u2019s hotels and resorts and make new investments in the sector, Tourism Minister Rania Al Mashat told Bloomberg TV in an interview out Thursday. The move would be part of a […]<\/p>\n","protected":false},"author":1,"featured_media":621497,"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":[8572],"tags":[72,180,758,223,2380,9378,238,797],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-legislation","tag-private-equity","tag-rania-al-mashat","tag-speed-round","tag-thomas-cook","tag-tourism","tag-tourism-and-antiquities-ministry","wpautop","entry"],"acf":{"mongo_id":"92298bae-21cf-4f89-a8e3-05c59fbf84b5","order":"0","is_powered_by":true,"section_story_id":"7947d505-d0aa-4e56-9109-090071099418","story_type":"1","photo_url":"https:\/\/ent.news\/2018\/11\/1642.jpg","photo_position":"above","related_issue":[621485],"teaser":"","voice_url":""},"yoast_head":"\nTourism Ministry to launch PE fund, introduce legislation to overhaul Egypt tourism sector - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/11\/tourism-ministry-to-launch-pe-fund-introduce-legislation-to-overhaul-egypt-tourism-sector\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism Ministry to launch PE fund, introduce legislation to overhaul Egypt tourism sector\" \/>\n<meta property=\"og:description\" content=\"Tourism Ministry to launch private equity fund, introduce legislation to overhaul sector: The government is looking into establishing a private equity fund to upgrade Egypt\u2019s hotels and resorts and make new investments in the sector, Tourism Minister Rania Al Mashat told Bloomberg TV in an interview out Thursday. 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El Mashat called the campaign a \u201ckey pillar\u201d of the\u2026","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":621617,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/","url_meta":{"origin":621496,"position":3},"title":"Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels","author":"enterpriseam admin","date":"13 November 2018","format":false,"excerpt":"The Tourism Ministry is considering three scenarios for the upgrade of Egypt\u2019s 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\u2026","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":593515,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/egypts-tourism-sector-expected-to-grow-30-in-2019-says-al-mashat\/","url_meta":{"origin":621496,"position":4},"title":"Egypt\u2019s tourism sector expected to grow 30% in 2019, says Al Mashat","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"Egypt's tourism sector should claw its way back to its pre-crisis high-water mark by the end of this year, Tourism Minister Rania Al Mashat said during a Bloomberg TV interview yesterday (watch, runtime: 3:43). Al Mashat attributed the \u201cquite steep\u201d rebound in the industry to the legislative and administrative reforms\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\/2019\/9\/2491.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593279,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/24\/tourist-arrivals-to-hit-pre-revolution-levels-next-month\/","url_meta":{"origin":621496,"position":5},"title":"Tourist arrivals to hit pre-revolution levels next month","author":"enterpriseam admin","date":"24 November 2019","format":false,"excerpt":"Egypt\u2019s tourist arrivals to hit pre-revolution levels next month: The number of tourist arrivals in Egypt should reach the same levels they were back in 2010 by the end of next month, Tourism Minister Rania Al Mashat said during a Bloomberg TV interview on Thursday in Beijing (watch, runtime: 5:55).\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\/2019\/11\/1959.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\/621496","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=621496"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621496\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/621497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621496"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621496"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}