Egypt has signed $460 million in hotel deals with the Titanic and Hilton groups, in a new boost for tourism and investment in the Red Sea region.
The deals include new hotels in Hurghada and Marsa Alam, adding hundreds of rooms and thousands of jobs. Construction is expected to begin next year.
Officials said the agreements reflect investor confidence in Egypt's tourism sector, which is recovering strongly as visitor numbers return to pre-pandemic levels.
Egypt aims to attract 30 million tourists a year by 2030, with plans to expand airports and tourism infrastructure along the Red Sea coast.
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