Minister of Public Enterprises Sector Mohamed El-Shimy met with Hisham Talaat Moustafa, CEO and Managing Director of Talaat Moustafa Group Holding (TMG), and his accompanying delegation at the Ministry’s headquarters in the New Administrative Capital to review the latest developments in joint hotel investment projects. Discussions focused on prospects for continued cooperation and the progress of major hotel development projects that add significant value to Egypt’s tourism sector, most notably the expansion of the historic Mena House Hotel overlooking the Giza Pyramids. The project is being implemented through Legacy Company, a partnership between EGOTH—an affiliate of the Holding Company for Tourism and Hotels under the Ministry of Public Enterprises Sector—and ICON, a subsidiary of Talaat Moustafa Group. The development aims to enhance the hotel’s operational efficiency and service quality in line with the highest international standards. During the meeting, Minister El-Shimy reaffirmed the Ministry of Public Enterprises Sector’s commitment to supporting serious investment partnerships—particularly with leading national entities—to develop hotel infrastructure, increase accommodation capacity, maximize economic returns, and advance the state’s objectives for sustainable tourism development.

Source: Daily News Egypt December 28, 2025 18:00 UTC