Prime Minister Moustafa Madbouly on Sunday witnessed the signing of a management contract for the historic Continental Hotel in downtown Cairo, marking the first entry of India's luxury hotel chain Taj into the Egyptian market. The agreement, signed between the Egyptian General Company for Tourism and Hotels (EGOTH) and Indian Hotels Hotels Co. Ltd, owner of the Taj brand, aims to revive the landmark hotel near Opera Square in Khedivial Cairo, preserving its historic architecture while introducing modern five-star amenities. Madbouly said the project is "a successful model of partnership between the state and the global private sector," aligned with Egypt's vision to preserve architectural heritage and develop it economically in a modern, sustainable way. He added that the project will support tourism, create jobs, and enhance Cairo's position on the international tourism map. Minister of Public Business Sector Mohammed Sheemy said the partnership reflects growing confidence in Egypt's tourism and investment climate and guarantees a high-end hospitality experience consistent with the hotel's historic significance. The Continental Hotel, established in 1870, will be restored as a five-star property with around 300 rooms, maintaining its original façade and architectural character. Taj, one of the world's leading luxury hotel brands, operates more than 335 properties across 150 locations globally. The signing ceremony was attended by India's Ambassador to Egypt Suresh K. Reddy, underlining deepening economic and investment ties between Egypt and India. Attribution: Amwal Al Ghad English
