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$3.2 billion in Egyptian tourism last year
Egypt, Economics, 9/17/1999
Egyptian Minister of Tourism Mamdouh El-Beltagi said yesterday in concluding works of the Arab economics conference that "the tourism income reached $ 3.2 billion during the financial year 98/99."
He pointed out that this provides the tourism industry nearly 1.5 million jobs employed in travel agencies, tourism transportation, in tourism villages and hotels management and guidance.
El-Beltagi added "the private sector invested 35 billion pounds in tourism projects among which are 25% foreign investments during the last years."
El-Beltagi expected an increase in tourism to Egypt to 5.2 million by the end of the year 2000 while this year reached 4 million tourists as well as referring to the existence of intensive promotional campaigns in the coming period to increase tourism flow to Egypt.
Previous Stories:
Central Bank: 3.1 million tourists visited Egypt during the first nine months of fiscal year 98-99
(9/13/1999)
Japan contributes to upgrading tourism at Aswan
(9/10/1999)
Tourism companies union in southern America to meet in Cairo
(9/7/1999)
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