Egypt's Prime Minister Moustafa Madbouly met on Tuesday with Hyatt Hotels' regional president Javier Águila and ADD Developments chairman Basel Sami Saad to discuss expanding Hyatt's investments in the country's hospitality sector, the government said in a statement. The meeting, also attended by Tourism Minister Sherif Fathy, comes as Egypt looks to attract more investment in tourism, a key driver of economic growth. Prime Minister Madbouly reaffirmed the state's full support for Hyatt's plans, citing Egypt's efforts to increase hotel capacity and enhance services to meet rising tourist demand. Following the talks, Hyatt and ADD Developments signed a memorandum of understanding to expand branded hotel and residential projects across Egypt. Saad said the company aims to secure international financing to back its hospitality expansion, which is expected to create jobs and contribute to local development. Águila praised the collaboration with ADD, describing it as a key step in supporting Egypt's tourism ambitions. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
