President Sisi Meets Barceló Group Chairman in Madrid: Boosting Egypt's Tourism and Hospitality Sector

On February 18, 2025, during his official visit to Spain, Egyptian President Abdel Fattah El Sisi had a significant meeting with Simón Pedro Barceló, Chairman of the prestigious Barceló Group. Known for its prominence in the global hotel and travel industry, this encounter underscores Egypt's commitment to enhancing its tourism sector.

Exploring Investment Opportunities in Tourism

The discussion focused on exploring investment opportunities within Egypt's burgeoning tourism and hospitality sectors. Ambassador Mohamed El-Shennawy, the Spokesman for the Presidency, highlighted that the meeting aligned with Egypt’s strategic objectives. The country aims to attract 30 million tourists annually by enhancing its presence on the global tourism map. Efforts are underway to double hotel capacities and increase the number of hotel rooms, thereby making significant strides in accommodating international visitors.

Facilitating Spanish Investment in Egyptian Tourism

President Sisi emphasized Egypt's dedication to providing comprehensive support for Spanish companies specializing in tourism and hotel services. He expressed a keen interest in inviting major international hotel chains to contribute their expertise and investments toward the development of Egypt’s hotel sector. This collaboration is expected to foster economic growth and elevate Egypt’s status as a leading tourist destination.

Enhancing Bilateral Tourism Cooperation

The President also highlighted potential collaborations aimed at promoting Spanish tourism in Egypt. Simón Pedro Barceló expressed his honor in meeting with President Sisi, affirming the company's intention to expand its operations within Egypt and capitalize on emerging opportunities in the sector.

President Sisi welcomed these ambitious plans and reassured that the Egyptian state would facilitate an environment conducive to the success of such investments. This meeting marks a pivotal step towards strengthening bilateral ties between Egypt and Spain in the realm of tourism and hospitality, promising a vibrant future for both nations' economic landscapes.