The chairperson of the Tourism Committee of the Egyptian Businessmen Association (EBA) Ahmed Balbaa called for expanding the land offers to investors in the North Coast during the upcoming period. The proposals should vary whether in terms of area and construction, to include hotels, entertainment, and services.
According to Balbaa, the North Coast needs to increase the capacity of the hotels during the next five years while diversifying the tourist products in the region so do not include only hotels as is the case across all coastal areas in Egypt, making tourists stay inside the hotel all day.
He pointed out that the North Coast currently requires hotel investments and that there should be a strategy to expand leisure investments of yachts in the Mediterranean and marine sports.
“The region is able to attract more than 5,000 yachts a year roaming the Mediterranean Sea, which will impact both the spending rates and the functionality of labours in Egypt as a result of injecting new investments into the region,” said Balbaa.
He said that investments in the region should be in line with the development of the local community to take the form of a partnership. In addition, it is necessary to have real tourism where visitors can get out of the hotel, walk in the streets, or go to the desert for safari trips.
On the other hand, the CEO of the Tourism Development Authority (TDA), Serag El din Saad previously mentioned in a statement to Daily News Egypt that any development in the region takes place in agreement with the governorate of Matruh.
Nevertheless, the region is very promising, and there are negotiations with Arab and foreign investors to acquire land to set up various tourist resorts that provide entertainment and tourism services, according to Saad.
Meanwhile, the chairperson of the Tourism Investors Association in Marsa Alam, Adel Rady, said that reducing the fees in the Egyptian ports will make Egypt compete with Greece, Turkey, and Italy in attracting yacht owners. “This kind of tourism is popular and involves the rich across the world,” he said.
