{"id":660148,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/","title":{"rendered":"Madbouly mandates more hotels in northwest coast, a consultant to replan the area"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon all of you wonderful people, and happy end of the workweek. <\/strong>We have a brisk issue for you today, so without further ado, let\u2019s jump into it.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Gov\u2019t mandates developers on Egypt\u2019s northwest coast build hotels, coordinate with the government on development<\/strong><strong>:<\/strong> Prime Minister Moustafa Madbouly has said that the government will be designating a consultant to to come up with a comprehensive plan for developing a 10 km-wide area of the northwest coast between Ras El Hekma and Marsa Matrouh, and that developers will now be required to construct a now-required hotel component of their property before constructing other portions, according to a cabinet <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid04vzWr2Ux1trqN8Sf77VgpbqLJhmJaNHtoyMqv5fYynbYpo2xXRBZ2PfYDfCM1Cbkl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> The PM stressed that future real estate projects must prioritize the construction of hotels, with new residential areas only able to be built after the hotel portion of the area\u2019s development has been completed. This decision will assure that coastal areas have available rooms and sufficient infrastructure to turn the northwest coast into a year-round international tourism destination. Madbouly also stressed the importance of close coordination between developers and the government on the development of the area\u2019s commercial spaces, and tasked Housing Minister Sherif El Sherbiny with appointing a consultant to draw up a plan for developing a 10-km wide area of the northwest coast.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s Gaza plan sees administration officials backtrack, Israeli leaders begin <\/strong><strong>planning for Palestinian displacement:<\/strong> Strong international condemnation of US president Donald Trump\u2019s proposal to have the US take over control of the Gaza Strip, forcibly displace Palestinians from the enclave, and redevelop the area into the \u201cRiviera of the Middle East\u201d <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/hamas-official-says-trumps-remarks-about-taking-over-gaza-are-could-ignite-2025-02-05\/\" style=\"\" rel=\"noopener\">sent top US officials into damage-control mode<\/a> Wednesday and Thursday, even as Israeli officials <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/middle-east\/israels-defense-minister-orders-army-prepare-gaza-residents-departure-media-2025-02-06\/\" style=\"\" rel=\"noopener\">ordered occupation forces<\/a> to prepare to facilitate what they described as Palestinians\u2019 \u201cvoluntary departure\u201d ahead of the expected implementation of Trump\u2019s plan.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Key officials backtracked on Trump\u2019s call for permanent displacement of Palestinians <\/strong><strong>from Gaza: <\/strong>US secretary of state Marco Rubio and White House press secretary Karoline Leavitt both clarified that the displacement of Palestinians from the strip was intended to be temporary, but fell short of denying a potential deployment of US troops in the enclave. Israeli defense minister Israel Katz, for his part, lauded the plan, and noted that the Israeli military was working on its own plan to facilitate the exit of Palestinians from the enclave via land, sea, and air.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Trump\u2019s statements drew some pushback from a Republican party that has thus far been <\/strong><strong>in lock-step with Trump\u2019s early policy moves.<\/strong> \u201cI thought we voted for America First,\u201d Kentucky senator Rand Paul said in a <a target=\"_blank\" href=\"https:\/\/x.com\/RandPaul\/status\/1887114985383367065\" style=\"\" rel=\"noopener\">post on X<\/a>. \u201cWe have no business contemplating yet another occupation to doom our treasure and spill our soldiers\u2019 blood.\u201d Fellow Republican senator Jerry Moran noted to <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/i-thought-we-voted-america-first-trump-gaza-plan-divides-his-party-2025-02-05\/\" style=\"\" rel=\"noopener\">Reuters<\/a> that Trump was not entitled to completely abandon the US\u2019 longtime commitment to a two-state solution, noting that \u201cIt\u2019s not something that can be unilaterally decided.\u201d <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>We\u2019ll officially know the ins and outs of the new social protection package \u201cwithin <\/strong><strong>days,\u201d <\/strong>Prime Minister Moustafa Madbouly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a8eb7895-b8c6-4405-a884-03792900af69\/egypt%25e2%2580%2599s-new-social-protection-package-to-come-into-effect-in-july-%25e2%2580%2594-announcement-to-come-within-days\" style=\"\" rel=\"noopener\">said during his weekly presser<\/a> yesterday.<\/li>\n<li><strong>Net foreign reserves <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/765f2bcb-692c-494b-848b-b3eb0c814f15\/egypt%25e2%2580%2599s-foreign-reserves-inch-up-usd-156-mn-in-january-to-usd-47.3-bn\" style=\"\" rel=\"noopener\">inched up to USD 47.3 bn<\/a><\/strong><strong> at the end of January 2025,<\/strong> marking a USD 156 mn increase from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c6d481f6-7b5e-4066-9ea7-a96944eaedda\/egypt%e2%80%99s-foreign-reserves-inch-up-usd-157-mn-in-december-to-usd-47.1-bn\" style=\"\" rel=\"noopener\">December<\/a>.<\/li>\n<li><strong>Net foreign assets in Egypt\u2019s banking sector <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b2d33b2d-c7bb-4cb7-a579-7eac508df956\/egypt%25e2%2580%2599s-net-foreign-assets-dropped-12%2525-to-usd-5.2-bn-in-december\" style=\"\" rel=\"noopener\">dropped to USD 5.23 bn<\/a><\/strong><strong> in <\/strong><strong>December, <\/strong>down from USD 5.96 bn in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8c658220-a5db-44eb-8e2d-5f6b50d041fa\/egypt%e2%80%99s-net-foreign-assets-dropped-35%25-to-usd-6.0-bn-in-november\" style=\"\" rel=\"noopener\">November<\/a>, marking a monthly decline of 12.2%.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>The chilly temperatures are continuing tomorrow in the capital as the mercury rises to a maximum of 17\u00b0C in the morning before dropping to 11\u00b0C in the evening.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon all of you wonderful people, and happy end of the workweek. We have a brisk issue for you today, so without further ado, let\u2019s jump into it. THE BIG STORY TODAY Gov\u2019t mandates developers on Egypt\u2019s northwest coast build hotels, coordinate with the government on development: Prime Minister Moustafa Madbouly has said that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7213],"tags":[633,83,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660148","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-real-estate","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"20ef2297-cc75-4b7a-8ceb-9f3c0dbc4d93","order":"1","is_powered_by":false,"story_type":"4","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[660146],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.ea3928a5-ba4a-4331-b8d6-593ff01e9f9b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Madbouly mandates more hotels in northwest coast, a consultant to replan the area - 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\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly mandates more hotels in northwest coast, a consultant to replan the area\" \/>\n<meta property=\"og:description\" content=\"Good afternoon all of you wonderful people, and happy end of the workweek. We have a brisk issue for you today, so without further ado, let\u2019s jump into it. THE BIG STORY TODAY Gov\u2019t mandates developers on Egypt\u2019s northwest coast build hotels, coordinate with the government on development: Prime Minister Moustafa Madbouly has said that [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-06T00:00:00+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Madbouly mandates more hotels in northwest coast, a consultant to replan the area\",\"datePublished\":\"2025-02-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/\"},\"wordCount\":652,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterprisePM\",\"real estate\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/madbouly-mandates-more-hotels-in-northwest-coast-a-consultant-to-replan-the-area\/\",\"name\":\"Madbouly mandates more hotels in northwest coast, a consultant to replan the area - 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It\u2019s the end of the workweek here in Omm El Donia as we kick off the final long weekend of the year. EnterpriseAM and EnterprisePM will be off until Sunday, but readers of Enterprise Climate will get their morning read tomorrow.*** Take our EV\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":583462,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/01\/this-evening-daylight-savings-could-be-coming-back-chinas-factory-activity-exceeds-expectations\/","url_meta":{"origin":660148,"position":1},"title":"THIS EVENING: Daylight savings could be coming back + China\u2019s factory activity exceeds expectations","author":"enterpriseam admin","date":"1 March 2023","format":false,"excerpt":"Good afternoon, wonderful people. It\u2019s a busy Wednesday afternoon, with a pipeline of news to keep you busy as we count down to the weekend.THE BIG STORY TODAY- Daylight savings time could make a comeback: A draft law that would reinstate daylight savings time \u2014 rolling our clocks forward from\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":581038,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/02\/this-evening-our-current-account-deficit-narrowed-in-1q-2022-23-its-mpc-day\/","url_meta":{"origin":660148,"position":2},"title":"THIS EVENING: Our current account deficit narrowed in 1Q 2022-23 + It\u2019s MPC day","author":"enterpriseam admin","date":"2 February 2023","format":false,"excerpt":"XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/105.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552738,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/","url_meta":{"origin":660148,"position":3},"title":"THIS EVENING: Pickalbatros plans three new hotels in Hurghada + The GBP is tanking","author":"enterpriseam admin","date":"26 September 2022","format":false,"excerpt":"Happy Monday, wonderful people, and welcome to a slightly unorthodox issue of EnterprisePM. Today, in place of our typical For Your Commute and Enterprise Recommends sections, we bring you the results of the Enterprise Fall 2022 Reader Poll, wherein we round up your outlooks on everything from investments and IPOs\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574348,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/07\/the-state-goes-on-the-offense-to-repatriate-allocated-land-plots-from-investors\/","url_meta":{"origin":660148,"position":4},"title":"The state goes on the offense to repatriate allocated land plots from investors","author":"enterpriseam admin","date":"7 September 2020","format":false,"excerpt":"The Industrial Development Authority (IDA) is gearing up to repossess industrial land from companies that \u201caren\u2019t serious\u201d about meeting construction deadlines, IDA chairman Mohamed El Zalat told Hapi Journal. The campaign could begin \u201cvery soon,\u201d he said. Taking land back from businesses that have failed to develop plots is nothing\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552618,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/18\/this-evening-nclude-closes-second-round-of-funding-madbouly-is-in-london-for-queen-elizabeth-iis-funeral\/","url_meta":{"origin":660148,"position":5},"title":"THIS EVENING: Nclude closes second round of funding + Madbouly is in London for Queen Elizabeth II\u2019s funeral","author":"enterpriseam admin","date":"18 September 2022","format":false,"excerpt":"Good afternoon, wonderful people. We\u2019re off to a medium-quiet start to the workweek here on the home front, while the rest of the world is still very much in weekend mode.THE BIG STORY TODAY Fintech fund Nclude capital reaches USD 105 mn with second round of funding: Nclude, the high\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660148","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=660148"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/660148\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/660146"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=660148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=660148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=660148"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=660148"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=660148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}