Egypt, home to ancient pyramids and Red Sea resorts, aims to boost tourism by up to 30 per cent annually over the next five years, bringing in private firms to operate sites and inaugurating a huge museum around the end of 2023, its Tourism Minister said. Tourism is a crucial source of foreign currency and jobs for Egypt's struggling economy. The sector earned $10.75 billion in the financial year ending in June 2022, up from $4.86 billion the prior year, when it was hurt by the coronavirus pandemic, Reuters reports. But it captures a little less than 1 per cent of the global tourism market, said Ahmed Issa, a former banker appointed as Tourism Minister last summer. The budget […] Source
Related posts:
Russia denies Thursday start of S-300 delivery to Iran: Report
Egypt, Greece sign protocol to support bilateral military cooperation
The West may condemn Egypt's abuses, but it's still business as usual
Israeli army commander recorded ordering attack on Gaza clinic
Ukraine peace deal implementation ‘to be extended into 2016’ – Russian Deputy Foreign Minister
Thutmose III, the Famed Warrior King of Ancient Egypt