Egypt raises 2025 tourist target to nearly 19m as US market surges 

During a visit to the US, Egypt’s Minister of Tourism and Antiquities Sherif Fathy held meetings with leading travel and tourism media to raise the country’s profile in one of its fastest-growing source markets. The Ministry of Tourism and Antiquities
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Updated 07 December 2025
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Egypt raises 2025 tourist target to nearly 19m as US market surges 

JEDDAH: Egypt has raised its tourist target to nearly 19 million this year, following a 20 percent growth in arrivals, with the US among its fastest-growing source markets. 

The African nation welcomed 15 million tourists in the first nine months of 2025, a 21 percent rise from last year, putting the country on track to exceed its previous 18-million visitor target. 

During a visit to the US, Egypt’s Minister of Tourism and Antiquities Sherif Fathy held meetings with leading travel and tourism media to raise the country’s profile in one of its fastest-growing source markets. 

The discussions took place on the sidelines of his participation in the annual conference of the US Tour Operators Association, held in Maryland from Dec. 2 to 6, according to a statement by the Ministry of Tourism and Antiquities. 

Tourism remains a vital source of foreign exchange for Egypt, which welcomed a record 15.78 million travelers last year, with plans to attract 30 million by 2028 through expanded capacity and enhanced visitor experiences. 

Fathy said Egypt is on track to achieve around 20 percent growth in tourist arrivals by the end of the year, with the country now targeting close to 19 million visitors. He added: “US arrivals to Egypt have risen by about 20 percent this year to nearly 520,000 tourists.” 

He said the US market has become one of the key drivers of tourism growth in recent years, supported by the continuous expansion of air connectivity through additional direct flights and new routes from several US cities. 

“The minister also outlined the ministry's strategy to highlight Egypt's unique tourism diversity, pointing to a range of offerings including cultural, adventure, eco, spiritual, beach tourism, and long Nile cruises,” the release stated. 

He emphasized that while US travelers have long been attracted to Egypt’s rich culture and ancient history, they now have an expanding range of experiences to choose from, whether climbing Mount St. Catherine, diving in the Red Sea, exploring nature reserves and the White and Black Deserts, or enjoying extended dahabiya cruises along the Nile from Cairo to Luxor and Aswan. 

Sustainability is at the core of the sector's strategy, Fathy said, noting that 46.5 percent of hotel establishments now apply sustainability standards, alongside a push to expand the use of renewable energy. 

The Grand Egyptian Museum was a focal point of the discussions. Fathy highlighted that the museum, which for the first time houses the complete collection of King Tutankhamun, now welcomes more than 12,000 visitors a day. He added that its opening has significantly boosted hotel occupancy in Cairo. 

He also pointed to ongoing upgrades at the Tahrir Egyptian Museum, as well as rapid tourism growth along the North Coast, where charter flights rose by 520 percent last year. Plans are also under review for an underwater antiquities museum and new diving sites. 

Fathy added that global tour operators are showing strong interest in multi-destination programs linking Egypt with Mediterranean countries such as Greece and Italy, particularly for travelers from the US, Japan, and China. 

He concluded by highlighting early bookings for the total solar eclipse expected in 2027, with Luxor set to be one of the world's top viewing destinations. 


Saudi Arabia set to attract $500bn in private investment, Al-Falih tells conference

Updated 09 December 2025
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Saudi Arabia set to attract $500bn in private investment, Al-Falih tells conference

RIYADH: Sustainability, technology, and financial models were among the core topics discussed by financial leaders during the first day of the Momentum 2025 Development Finance Conference in Riyadh.

The three-day event features more than 100 speakers and over 20 exhibitors, with the central theme revolving around how development financial institutions can propel economic growth.

Speaking during a panel titled “The Sustainable Investment Opportunity,” Saudi Investment Minister Khalid Al-Falih elaborated on the significant investment progress made in the Kingdom.

“We estimate in the midterm of 2030 or maybe a couple of years more or so, about $1 trillion of infrastructure investment,” he said, adding: “We estimate, as a minimum, 40 percent of this infrastructure is going to be financed by the private sector, so we’re talking in the next few years $400 (billion) to $500 billion.”

The minister drew a correlation between the scale of investment needs and rising global energy demand, especially as artificial intelligence continues to evolve within data processing and digital infrastructure in global spheres.

“The world demand of energy is continuing to grow and is going to grow faster with the advent of the AI processing requirements (…) so our target of the electricity sector is 50 percent from renewables, and 50 percent from gas,” he added.

Al-Falih underscored the importance of AI as a key sector within Saudi Arabia’s development and investment strategy. He made note of the scale of capital expected to go into the sector in coming years, saying: “We have set a very aggressive, but we believe an achievable target, for AI, and we estimate in the short term about $30 billion immediately of investments.”

This emphasis on long-term investment and sustainability targets was echoed across panels at Momentum 2025, during which discussions on essential partnerships between public and private sectors were highlighted.

The shared ambition of translating the Kingdom’s goals into tangible outcomes was particularly essential within the banking sector, as it plays a central role in facilitating both projects and partnerships.

During the “Champions of Sectoral Transformation: Development Funds and Their Ecosystems” panel, Saudi National Bank CEO Tareq Al-Sadhan shed light on the importance of partnerships facilitated via financial institutions.

He explained how they help manage risk while supporting the Kingdom’s ambitions.

“We have different models that we are working on with development funds. We co-financed in certain projects where we see the risk is higher in terms of going alone as a bank to support a certain project,” the CEO said.

Al-Sadhan referred to the role of development funds as an enabler for banks to expand their participation and support for projects without assuming major risk.

“The role of the development fund definitely is to give more comfort to the banking sector to also extend the support … we don’t compete with each other; we always complement each other” he added.