Cairo hopes that investors from Russia will be able to enter the Egyptian market and explore the opportunities of a new program offering preferential loan terms for the construction of hotels in the country, El Kady told Sputnik.
"I hope for the Russians, of course, we have very strong relations with Russia [for] tens of years, but especially these years, very strong relations between the two governments and two presidents. And we hope that Russian investors can come to Egypt and explore the opportunities," he said.
Spanish and German entrepreneurs have already flagged interest in the program, he added.