Egypt has announced a substantial allocation of nearly $1.7 billion to support industrial and tourism development projects, with a particular focus on expanding hotel capacity. This was revealed by Finance Minister Ahmed Kouchouk during a parliamentary session.

The funding is part of the government’s proposed 2025–2026 national budget, which is set to take effect on July 1. In addition to major investments in the industrial and tourism sectors, the budget includes provisions to bolster SMEs, which are seen as a vital engine for job creation and economic growth.

Kouchouk emphasized that the budgeted amount for export-oriented industrial projects is unprecedented in Egyptian fiscal history. “He told parliament on Tuesday that the funds allocated for industrial export-oriented projects are the largest for this sector in Egyptian budgets.”

According to the minister, the government has designated approximately $1.5 billion to support industrial initiatives, which are expected to enhance the country’s manufacturing base, stimulate exports, and attract more domestic and foreign investment. Additionally, approximately $164 million will be directed toward the tourism sector to help modernize and expand infrastructure.

“The plan includes increasing the number of hotel rooms to accommodate the expected increase in the number of tourists,” the Minister said.

Tourism remains a cornerstone of Egypt’s economy, and the government is taking proactive steps to capitalize on the anticipated growth in tourist arrivals. By increasing hotel capacity and improving facilities, Egypt aims to provide a better experience for international visitors while supporting the broader goal of economic diversification.