Egypt signs $18.5 billion tourism deal with Saudi Arabia and UAE
Egypt signs an $18.5 billion tourism deal with Saudi Arabia and the UAE. The agreement covers new resorts, infrastructure, and tourism corridors.
October 19, 2026
Egypt signed a reported $18.5 billion tourism-investment agreement with Saudi Arabia and the United Arab Emirates, according to reports. The deal covers the development of resorts, hospitality infrastructure, and new tourism corridors across the country.
What do these terms mean?
Hospitality infrastructure: The physical assets and foundational facilities, such as hotels, resorts, and travel hubs, needed to support tourism activities.
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