Egyptian Prime Minister Mostafa Madbouly called on investors in the tourism sector to prepare a list of all requests and proposals to advance the tourism sector, pointing out that "the government supports this vital sector in various ways in order to reach the goal of the tourism sector contributing up to 30 billion dollars to the gross domestic product."
He pointed out that "the government supports this vital sector in various ways in order to reach the goal of the tourism sector contributing up to 30 billion dollars to the gross domestic product."
Madbouly reviewed development projects and raising the efficiency of hotel facilities, as part of the ongoing preparations to host the 27th session of the Summit of the Conference of the States Parties to the United Nations Framework Convention on Climate Change (Cop27), next November.
Tourism revenues in Egypt plunged by more than 66 percent during 2020 due to the spread of the Coronavirus, to fall to about 4.4 billion dollars, compared to more than 13 billion in 2019 before recovering about 68 percent of those revenues in 2021.
Tourism contributes up to 15 percent of Egypt's economic output and is a major source of foreign exchange, along with the Suez Canal, remittances and exports.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
