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Rania Al-Mashat, Minister of Tourism of Egypt, revealed that the number of tourists to Egypt soared 40 percent in the first nine months of 2018 from a year earlier, recovering from a slump that began with the “Arab Spring” and continued as unrest persisted.
“We expect that by the end of 2018 we will not be at the levels that we’ve witnessed in 2010, but we are approaching that,” Rania Al-Mashat told Bloomberg TV. “The rebound is quite steep and we’re trying to put the tourism on a competitive base compared to our peers.”
The government plans to announce a new private equity fund to upgrade its hotels as well as new investment opportunities on islands in the Red Sea, she said.
The annual number of visitors began plummeting from a 2010 peak of more than 14 million, but it began to decline since the beginning of 2011.

Source: (Al-Sharq Al-Awsat newspaper, Edited)