Egyptian Officials Make Local Inspection Tours to Reassure Tourists

A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)
A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)
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Egyptian Officials Make Local Inspection Tours to Reassure Tourists

A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)
A man wearing a face mask is seen in front of the Great Pyramids of Giza after reopening for tourist visits, following the outbreak of the coronavirus disease (COVID-19), in Cairo, Egypt (Reuters)

Egyptian ministers toured various resorts and airports in the country that began receiving visitors earlier this month while maintaining health measures to confront the COVID-19 pandemic.

The government aims to reassure tourists arriving to Egypt over the health situation and the measures taken to contain the pandemic.

Minister of Tourism and Antiquities Khaled Anani and Minister of Civil Aviation Mohamed Manar met with investors in Taba and Nuweiba to discuss proposals to overcome obstacles facing tourism investors in both cities.

Anani stressed that the government spared no effort to promote the tourism sector, considering it a pillar of the national income. He indicated that flights will be resumed in Taba Airport, provided that investors contribute to these flights until tourism returns to its normal levels.

The minister visited Taba and Sharm el-Sheikh airports and inspected the departure and arrival halls, the thermal camera system, and measures for maintaining social distance at the airport.

Sharm el-Sheikh International Airport received more than 3,000 tourists aboard 16 flights from Ukraine and Belarus, since the beginning of July.

Taba Airport is preparing to receive tourists with the first flight arriving from Poland on July 29.

Anani also inspected a number of hotels in Sharm El-Sheikh, Dahab and Nuweiba to ensure that health measures are being followed, as instructed by the Ministry.

The Ministry issued an official statement indicating that the occupancy rate of Dahab reached about 45 percent, most of which are Egyptian visitors. The city has 28 hotels with an occupational capacity of 2,326 hotel rooms, as well as 110 tourist bazaars.

Whereas Nuweiba has 14 hotels, with a capacity of 1,643 rooms, and seven bazaars.

The Minister also reviewed health precautionary measures followed by the hotel upon the guest’s arrival.

He also monitored the procedures on the reception desk and foyer area, as well as all parts of the hotel including the restaurant, kitchen area, swimming pools, and the beach area.



Energy Fund to Boost Saudi-US Strategic Investments

Heads of companies investing in the energy fund (Asharq Al-Awsat)
Heads of companies investing in the energy fund (Asharq Al-Awsat)
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Energy Fund to Boost Saudi-US Strategic Investments

Heads of companies investing in the energy fund (Asharq Al-Awsat)
Heads of companies investing in the energy fund (Asharq Al-Awsat)

A $5 billion energy investment fund was unveiled in Riyadh on Tuesday during the Saudi-US Investment Forum, held in conjunction with US President Donald Trump’s visit to the kingdom, in a move aimed at boosting bilateral partnerships and stabilizing the global energy sector.

The White House announced in a statement that the fund was among several key initiatives agreed during Trump’s visit, calling it a “historic step” toward deepening economic cooperation between the United States and Saudi Arabia.

Scott Pruitt, who served as the Administrator of the Environmental Protection Agency (EPA), told Asharq Al-Awsat the fund will target strategic investments in the energy sector, focusing primarily on US-based companies.

These include firms supporting existing energy hubs and those developing transitional technologies to advance the global energy future and promote efficient manufacturing.

Pruitt said the fund aligns with Saudi Arabia’s Vision 2030, aiming to invest in companies that can benefit from the kingdom’s business environment while also supporting energy-related infrastructure, services, and manufacturing in the US.

The fund is expected to begin deploying its $5 billion capital in 2025, he added.

Strategic Investment in Energy

Neil Bush, chairman of Skytower Investments, a green technology investment firm, said the energy fund brings together experienced partners in fund management and energy investment.

He noted that it will play a critical role in directing strategic capital toward the future of global energy and efficient production.

The fund naturally targets the development of US infrastructure, bolstering America’s leadership in global energy markets and delivering strong returns to investors, Bush said.

Launched during President Trump’s visit, this initiative sends a strong signal of renewed economic momentum between Washington and Riyadh.

Saudi businessman Abdullah Al-Meleihi, CEO of Saudi Excellence Co., described the fund as more than a capital mechanism, calling it a “bridge of trust and ambition” between the two countries.

He emphasized Trump’s role in creating a climate conducive to innovation and opportunity.

Al-Meleihi said the fund is expected to be fully established and financed in 2025, characterizing it as a model of public-private cooperation and strategic alignment between the US and Saudi Arabia.

He noted that it enjoys robust support from the private sector in both countries as well as international investors, and will focus on energy, technology, artificial intelligence in energy, and advanced industries, while also facilitating knowledge transfer to the kingdom and capital investment in the US.