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3 LE billion value of investments in Egypt`s tourism sector
Monday, September 05, 2005
The value of investments in Egypt`s tourism sector hit as much as LE 3 billion over the 2004-2005 fiscal years, said Minister of Planning Othman Mohammed Othman.

In press statements, he noted that the tourist movement to Egypt has seen marked increase during that period.

Egypt, he added, has started a massive promotion campaign in European and Arab countries together with other promising markets in Russia and Japan to attract more tourists into Egypt.

The number of tourists, who visited Egypt during that time, hit as many as 8.2 million compared to 7.5 million in the fiscal year 2003-2004 he pointed out.
Vicky Karantzavelou - Monday, September 05, 2005
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How will the currently developing financial crisis and oil prices rally affect the tourism industry?.

they will have temporary and minimal effect and the situation will stabilize in a year or two

we should be looking at a restructuring in the international tourism movements and trends

it is still too early to access the impact on world tourism, medium or long term

we will see more tourism closer to home, and less international travel

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