This is a strategic move to revive one of Egypt’s most significant historical and hotel landmarks, located at Opera Square in the heart of Cairo's Khedivial area, supporting the state's efforts to develop heritage areas with unique architectural value.
Mostafa Madbouly, Prime Minister, attended the signing ceremony for the management and operation of the historic Continental Hotel in downtown Cairo, under the global Taj brand from India, marking its first entry into the Egyptian market.
This is a strategic move to revive one of Egypt’s most significant historical and hotel landmarks, located at Opera Square in the heart of Cairo's Khedivial area, supporting the state's efforts to develop heritage areas with unique architectural value.
Madbouly confirmed that the revival of the historic Continental Hotel in downtown Cairo is a successful model of partnership between the state and the global private sector, in line with the country's vision to preserve architectural heritage and invest in it economically in a modern and sustainable way.
This initiative will contribute to supporting the tourism sector, generating new job opportunities, and enhancing Cairo's position on the global tourism map.
Minister of Public Business Sector, Mohamed Shimi, confirmed that the signing of this contract comes within the ministry's comprehensive strategy to revive and develop state-owned tourism and hotel assets and maximize their economic returns.
This is done through partnerships with major global brands that have extensive experience in managing and operating hotels.
He explained that the Continental Hotel is one of the prominent architectural and historical symbols in the heart of Khedivial Cairo.
The ministry launched the project to revive the hotel, and construction work began in the second quarter of this year, in line with the state’s plan to develop the area and restore its urban charm.
This includes full commitment to preserving the building's original architectural character and historical facades while integrating them with the latest global hotel operating standards.
The Minister of Public Business Sector added that the collaboration with the global Taj brand, which enters the Egyptian market for the first time through this project, reflects the growing confidence of leading international hotel brands in the Egyptian economy and the tourism investment climate.
It also highlights Cairo’s historical and cultural assets, which qualify it to regain its status as a leading global tourist destination.
Moreover, it reflects the ministry’s commitment to selecting partners with a distinguished international track record and solid experience in managing and operating luxury hotels with a heritage character, ensuring a high-quality tourist experience that befits the historical value of the Continental Hotel and its prime location.
This will contribute to increasing the high-quality hotel capacity, attracting more tourists to Egypt, and enhancing the country's position on the global tourism map.
The Continental Hotel is one of Cairo's most significant historical landmarks, with its construction dating back to 1870. It boasts a prime location overlooking Azbakeya Garden and Opera Square.
It is set to be revived as a five-star hotel with a capacity of around 300 rooms, while preserving its historical architectural style and the original facade.
Taj is one of the leading global hotel brands, managing over 335 hotels in more than 150 locations worldwide. The hotel is owned by the Egyptian General Company for Tourism and Hotels (EGOTH), a company under the Holding Company for Tourism and Hotels, which is affiliated with the Ministry of Public Business Sector.
