The Ministry of Tourism and Antiquities in Egypt revealed that tourism revenues during the past year 2021 exceeded 13 billion dollars, to return to pre-pandemic levels. Tourism revenues amounted to about four billion dollars in 2020, a decrease of 70 percent compared to 13.03 billion in 2019, when the Corona pandemic severely damaged the sector.
The ministry expects that the current year will exceed 2021 revenues in light of a strong strategy that includes giant projects implemented by the state and targeting the growth of the tourism sector, as it is expected that during the current year the opening of the Grand Egyptian Museum and the Great Transfiguration Project in Sinai and the Galala Resort on the Red Sea shore, and the growth of hotels in the city of El Alamein, which results in new tourism products that raise Egypt’s tourism competitiveness. During the first half of last year, Egypt's tourism revenues ranged between 3.5 and 4 billion dollars. Tourism contributes up to 15 percent of Egypt's economic output and is a major source of foreign exchange. The Egyptian economy is recovering from the repercussions of the “Corona” pandemic, which halted a rising wave that it had started after an economic reform process that began in 2016.
Source (Al-Sharq al-Awsat Newspaper, Edited)
