Thursday 21 Nov

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Chinese Yangtze plans major investment in Nile River hotels


Chinese Yangtze plans major investment in Nile River hotels

Sherif Fathi, the Minister of Tourism and Antiquities, met with Peng Jianhu, Chairman of the Board of Directors of Yangtze Cruises Company, one of the leading Chinese companies specializing in the construction, operation, and management of river and ocean cruise ships globally. During the meeting, they discussed ways to enhance cooperation between the ministry and the company, and explored the company's future plans for operating in Egypt.

The meeting was attended by Assem Hanafi, the Egyptian Ambassador to China, Amr Al-Qadi, CEO of the Egyptian General Authority for Tourism Promotion, and Ambassador Khaled Tharwat, Advisor to the Minister for International Relations and General Supervisor of the General Administration for International Relations and Agreements at the ministry.

The company expressed interest in establishing and operating multiple Nile cruise ships, leveraging China's extensive experience in luxury cruise ship design, construction, and operation.

Minister Fathi welcomed these proposals, emphasizing the Egyptian government's commitment to supporting such initiatives. He assured the company of the ministry's support in obtaining necessary permits and facilitating the project's implementation. This collaboration is anticipated to boost Egypt's tourism sector by increasing hotel capacity, enhancing the Nile tourism product, and attracting more Chinese tourists. He also highlighted the strong historical ties between Egypt and China, emphasizing the potential for mutually beneficial partnerships.

Peng Jianhu extended an invitation to Minister Fathi to attend the upcoming Marine and Nile Cruises Summit in Chongqing, China. The summit will bring together industry leaders to discuss the future of river and ocean cruising, and Egyptian tourism companies will also be invited to participate.

This meeting took place during Minister Fathi's official visit to Beijing, where he also attended the COTTIM International Tourism Exhibition and held meetings with various Chinese and international stakeholders in the tourism industry.