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Feb
28
2023
By The African Mirror
Egypt taps private firms and long-delayed museum to revitalise tourism

Egypt taps private firms and long-delayed museum to revitalise tourism

NEWS
PATRICK WERR and AIDAN LEWIS EGYPT, home to ancient pyramids and Red Sea resorts, aims to boost tourism by up to 30% 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. But it captures a little under 1% of the global tourism market, said Ahmed Issa, a former banker appointed as tourism minister last summer. The budget for more than 2,000 archaeological sites and 41 museums in the 2021/22 financial year was a modest 3.2 billion Egyptian pounds ($170 million at the…
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Jan
05
2021
By The African Mirror
Egypt eyes slow return for tourism after revenues dive in 2020

Egypt eyes slow return for tourism after revenues dive in 2020

BUSINESS
EGYPT’S tourism sector is eying a gradual recovery after revenues plunged by nearly 70% to $4 billion in 2020 due to the coronavirus pandemic, the tourism minister and travel companies said. The number of tourists visiting Egypt sank to 3.5 million last year from 13.1 million in 2019, Tourism and Antiquities Minister Khaled El-Enany told Reuters. Foreign occupancy rates in Egyptian hotels dropped to just 10-15% of 2019 levels. Tourism accounts for up to 15% of Egypt's national output, and is a key source of foreign currency. Officials have been unveiling new archaeological discoveries in an effort to revive visitor…
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