Egypt eyes Asian markets to drive 20% tourism growth

The new strategy aligns with Egypt’s national tourism goals — to attract 30 million visitors by 2030–31 and raise tourism revenues to around $30 billion by 2028. Reuters
The new strategy aligns with Egypt’s national tourism goals — to attract 30 million visitors by 2030–31 and raise tourism revenues to around $30 billion by 2028. Reuters
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Updated 15 min 15 sec ago

Egypt eyes Asian markets to drive 20% tourism growth

Egypt eyes Asian markets to drive 20% tourism growth

RIYADH: Egypt’s tourism sector is gearing up for a strong year ahead, with the Egyptian Tourism Authority forecasting a 20 percent increase in international arrivals in 2026, driven by greater regional stability and a packed calendar of entertainment and sporting events, according to a senior official.

Speaking to Asharq News on the sidelines of the TOURISE 2025 forum in Riyadh, Ahmed Youssef, CEO of the Egyptian Tourism Authority, said the country’s latest promotional strategy focuses on markets with high population density and strong spending potential — particularly China and India.

“Our priority is attracting large markets with high spending power such as China, India, and Latin America,” Youssef said.

He said that Egyptian tourism authorities are tailoring marketing content in local languages of potential tourists, and even working with influencers of the same nationalities to ensure authenticity and cultural resonance. Most importantly, we’re strengthening our ties with the aviation sector, as air connectivity remains a critical enabler for growth, he said.

The new strategy aligns with Egypt’s national tourism goals — to attract 30 million visitors by 2030–31 and raise tourism revenues to around $30 billion by 2028.

Youssef also revealed that 2024 marked a milestone year for the sector, with Egypt welcoming roughly 16 million visitors — the highest figure in the country’s history.

On regional collaboration, Youssef emphasized the importance of tourism cooperation between Egypt and . He noted that such partnerships could help shift perceptions of as a destination beyond religious tourism, opening it up as a growing entertainment and cultural hub for Egyptian travelers.

“The flight time between the two countries is under three hours, which makes an increasingly attractive destination for Egyptians,” he added.

Meanwhile, Egypt continues to strengthen economic ties with China, with more than 2,800 Chinese companies now operating in the country and investing over $8 billion across multiple sectors, according to Hassan El-Khatib, Egypt’s minister of investment and foreign trade.

Speaking at the Egyptian-Chinese Business Forum, El-Khatib highlighted that Chinese firms were among the earliest partners in Egypt’s major development projects — including the New Administrative Capital, New Alamein City, and the high-speed electric train — underscoring China’s strategic role in Egypt’s modernization efforts.

He added that Egypt aims to further attract Chinese investment and expand joint production ventures targeting export markets, reinforcing the country’s position as a gateway for industrial cooperation between Asia, Africa, and Europe.


UAE businesses see as top investment destination: HSBC report

UAE businesses see  as top investment destination: HSBC report
Updated 29 sec ago

UAE businesses see as top investment destination: HSBC report

UAE businesses see  as top investment destination: HSBC report

RIYADH: Nine out of ten international business firms operating in the UAE are planning to invest in over the next five years, driven by the Kingdom’s economic transformation, according to a HSBC survey.

The bank said that several key UAE firms are demonstrating strong confidence in the Kingdom, with a growing number viewing the Kingdom as a central partner in their regional and international growth strategies.

The findings by HSBC align with a report released by Kearney in April, which revealed that rose to 13th place in the 2025 Foreign Direct Investment Confidence Index, its highest-ever ranking, reflecting stronger investor sentiment amid ongoing economic reforms and diversification efforts.

Commenting on the latest report, Mohamed Al-Marzooqi, CEO of HSBC Bank Middle East Limited, said: “As ’s leading trading partner in the GCC and its third largest globally, the UAE continues to play a pivotal role in strengthening trade and investment flows between our two nations. That strength underlines how intra-MENAT investment is reinforcing the region’s confidence in its own future.”

This latest survey involved 4,000 business decision makers with international operations generating revenues of $50 million to $500 million annually.

HSBC further said that more than 78 percent of businesses in the UAE are planning to strengthen trade and investment ties with over the next six months.

Some 59 percent of the UAE businesses cited economic stability as a key factor behind their decision to invest in , while 58 percent mentioned economic growth and 42 percent valued the Kingdom’s favorable position as a gateway to other markets in the Gulf region.

In terms of the best routes for expansion into the Kingdom, 48 percent of the UAE businesses named private equity and venture capital funds, followed by mutual funds at 46 percent and partnerships and joint ventures at 45 percent.

According to the survey, ’s technology and innovation industries were the top investment destinations, with 47 percent of current and 46 percent of future investments going into both sectors.

In terms of the most attractive channels for participation in the Kingdom’s economy, 52 percent of survey participants named project finance, while 46 percent of businesses selected risk management solutions.

Some 96 percent of UAE businesses agreed that ’s sustainability and environmental, social and governance agenda encourages investment, while 94 percent called the Kingdom a reliable hub for trade and investment even during times of global uncertainty.