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In Focus | Egypt
Sisi's generals enjoy suite success from their moneymaking luxury hotels

With the Egyptian economy in crisis and the military apparatus tightening its grip, the country's generals are staking their claims on the lucrative high-end hotel sector. From building lavish establishments to signing international partnerships, the top brass fancy themselves as luxury and business tourism tycoons - and there appears little to stop them continuing. [...]

Published on 10/04/2023 at 05:40 GMT Reading time 7 minutes

Colonel Walid Sami Salama (left), General Sherif Salah el-Dine (center) and General Mohamed Amin (right). © Studio Pachamama/© busliq - Shutterstock.com/Mariott/Regal Heights Hotel/Future Hospitality Summit - YouTube

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Politics, Business

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Abdelfattah Al-Sisi
Afreximbank
Agatha Christie
Ahmed Issa
Almasa
Armed Forces Finance Authority
Central Bank of Egypt
Egyptian General Company for Tourism and Hotels
Francois Mitterrand
Grand Egyptian Museum
Holding Company for Tourism and Hotels
International Monetary Fund
Ismail Pasha
JT & Partners
Liam Brown
Louvre Hotels Group
Marriott International
Mohamed Ali
Mohamed Amin
Nancy Ajram
National Authority for Management and Investment
National Service Projects Organization
Oberoi
REMCO Tourism Villages Construction Company
Scandinavian Tourism Development & Investment
Sherif Salah el-Dine
Tamer Hosny
Tolip
Triumph
Walid Sami Salama

Egypt
Cairo sheds assets to settle debts

The sale of the Ras el-Hekma resort destination to an Emirati fund has allowed the Egyptian government to pay off some of its debt to the UAE directly. As Cairo's crippling cash flow crisis continues, such a solution looks set to repeat.

Subscribers only Diplomacy 30.10.2024

Abdel Fattah al-Sisi and Sheikh Mohammed bin Zayed Al Nahyan at the Ras El-Hekma Development Project launch ceremony, on 4 October 2024.

Egypt
Afreximbank inks $32m move to Cairo's New Administrative Capital

The Cairo-based African Export-Import Bank is to move to President Sisi's new capital megaproject to the east, with Egyptian authorities pushing other international organisations to follow.

Subscribers only Finance, Business 08.09.2023

Benedict Okey Oramah, President of Afreximbank, on 14 December 2022, in Washington, DC, USA.

Inner circles | Egypt
Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

The Sovereign Fund of Egypt is playing a leading role in trying to attract international investors to the country as it battles with a crippling debt crisis. Sisi's office is keeping a close eye on the team that runs the fund.

Subscribers only Politics, Business 05.05.2023

Egypt
Tourism rebound whets luxury hotel group appetites

Oberoi Hotels & Resorts is reportedly planning to open two new establishments in Egypt. A rapid increase in the number of visitors to the country has prompted the Indian giant, along with other international luxury hotel groups, to boost its presence there.

Subscribers only Business 30.03.2023

Egypt
Cairo's first cybersecurity fair to provide open market for civil defence firms

The Cybersecurity and Defense Intelligence Systems conference will be held in Egypt in May. Several firms with ties to local armed forces are organising the event, funded by the ministry of communications and information technology.

Subscribers only Defence, Business 20.02.2023

Egypt
Stringent IMF loan terms put Sisi in the hot seat

The demands made by the International Monetary Fund in exchange for a $3bn loan have put the Egyptian leader in a tight spot. The reforms he has to carry out in return for the money will hurt the general population, the business community and the military.

Subscribers only Finance 25.01.2023

In Focus | Egypt
Army and intelligence generals reign over Sisi's museum projects

Egypt's head of state, Abdelfattah al-Sisi, has entrusted his major museum projects to a handful of army and intelligence generals. Among those projects is the world's largest museum dedicated to Ancient Egypt, the Grand Egyptian Museum, where the Mukhabarat lays out its own financial conditions for foreign contractors.

Subscribers only Politics 12.12.2022

Al-Sisi's generals in charge of Egyptian museums.

Set up email notifications for these topics

Abdelfattah Al-Sisi
Afreximbank
Agatha Christie
Ahmed Issa
Almasa
Armed Forces Finance Authority
Central Bank of Egypt
Egyptian General Company for Tourism and Hotels
Francois Mitterrand
Grand Egyptian Museum
Holding Company for Tourism and Hotels
International Monetary Fund
Ismail Pasha
JT & Partners
Liam Brown
Louvre Hotels Group
Marriott International
Mohamed Ali
Mohamed Amin
Nancy Ajram
National Authority for Management and Investment
National Service Projects Organization
Oberoi
REMCO Tourism Villages Construction Company
Scandinavian Tourism Development & Investment
Sherif Salah el-Dine
Tamer Hosny
Tolip
Triumph
Walid Sami Salama

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In Focus | Egypt
Sisi's generals enjoy suite success from their moneymaking luxury hotels

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Egypt
Cairo sheds assets to settle debts

Egypt
Afreximbank inks $32m move to Cairo's New Administrative Capital

Inner circles | Egypt
Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

Egypt
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Stringent IMF loan terms put Sisi in the hot seat

In Focus | Egypt
Army and intelligence generals reign over Sisi's museum projects

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About Africa Intelligence

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Africa Intelligence on social media

Indigo Publications' websites

About Africa Intelligence

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Indigo Publications' websites

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In Focus | Egypt Sisi's generals enjoy suite success from their moneymaking luxury hotels

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Egypt Cairo sheds assets to settle debts

Egypt Afreximbank inks $32m move to Cairo's New Administrative Capital

Inner circles | Egypt Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

Egypt Tourism rebound whets luxury hotel group appetites

Egypt Cairo's first cybersecurity fair to provide open market for civil defence firms

Egypt Stringent IMF loan terms put Sisi in the hot seat

In Focus | Egypt Army and intelligence generals reign over Sisi's museum projects

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Guns and oil drive Russia's Dakar courtship

Botswana, South Africa
From Gaborone to Antwerp, is De Beers's empire on the rocks?

In Focus | Egypt
Sisi's generals enjoy suite success from their moneymaking luxury hotels

Egypt
Cairo sheds assets to settle debts

Egypt
Afreximbank inks $32m move to Cairo's New Administrative Capital

Inner circles | Egypt
Ayman Soliman and Mohamed Amin mastermind sovereign fund's Gulf strategy

Egypt
Tourism rebound whets luxury hotel group appetites

Egypt
Cairo's first cybersecurity fair to provide open market for civil defence firms

Egypt
Stringent IMF loan terms put Sisi in the hot seat

In Focus | Egypt
Army and intelligence generals reign over Sisi's museum projects