Egypt aims to double its tourism revenues to reach $30 billion annually during the coming period, according to what Egyptian Prime Minister Mostafa Madbouly said yesterday, Sunday, in televised statements after his visit to the city of Sharm el-Sheikh, which was reported by the cabinet’s official page on Facebook.
Madbouly added that Egypt seeks to reach the goal of $30 billion annually - which is higher than the rates before the Corona pandemic - with the help of the private sector and developers, pointing to the need to develop an executive plan that includes the goals and requirements of the private sector and developers from the government to support achieving this goal during the coming period.
In a video clip of the Prime Minister while making these statements, published by the Egyptian Extra News Channel, Madbouly said: I asked them (the private sector and developers) to put in place a completely clear implementation plan with their goals and requirements from the state to work for them in order to reach 30 billion dollars within Three years from today.
He pointed out that Egypt's revenues from tourism are currently in the range of 11 or 12 billion dollars annually, according to what was stated in the video clip.
The tourism sector in Egypt - which contributes about 15% of the country's economic output - was negatively affected in 2020 due to the closures that were imposed globally as a result of the Corona pandemic, as the sector recorded revenues that year, which amounted, according to Reuters, about 4 billion dollars, compared to 13.03 billion dollars in 2019 before the pandemic.
