India’s Taj Hotels will enter the Egyptian market for the first time to manage and operate Cairo’s historic Continental Hotel under an agreement signed on Sunday, marking a strategic step to revive the 19th-century landmark. The agreement was attended by Mohamed Shimi, Minister of Public Business Sector, and Suresh K. Reddy, India’s Ambassador to Egypt. Shimi stated that the partnership reflects the “growing confidence of major international hotel brands in the Egyptian economy” and the local investment climate. The hotel is owned by EGOTH, a subsidiary of the Holding Company for Tourism and Hotels under the Ministry of Public Business Sector. This approach is intended to increase high-quality hotel capacity and attract more tourists to Egypt, according to the minister.

Source: Daily News Egypt December 21, 2025 18:50 UTC