Egypt’s Prime Minister Mostafa Madbouly announced on Thursday that the country’s tourism industry has achieved record-breaking growth, reaching levels unprecedented in its history.
Speaking at a press conference, Madbouly highlighted the government’s ongoing efforts to support economic stability, pointing to a decline in the prices of key food commodities as evidence of progress in easing pressure on households.
The Prime Minister underscored the strategic role of the soon-to-be-inaugurated Grand Egyptian Museum, describing it as “a gift from Egypt to the world” and a cornerstone for boosting the nation’s cultural and tourism profile.
On the investment front, Madbouly revealed that Italian energy giant Eni has committed $8 billion in new investments in Egypt over the next five years. He also announced plans to establish a joint company with the Emirate of Fujairah to build a large-scale logistics hub for crude oil storage and trade in Egypt.
Looking ahead, Madbouly pledged that the government will intensify field visits across the country in the coming months, with a particular focus on health and education sectors, alongside initiatives that directly impact citizens’ daily lives.
The announcements reflect Egypt’s dual strategy of leveraging its cultural assets to expand tourism while attracting large-scale foreign investments to solidify its role as a regional hub for energy and trade.
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