Emergency procedures to support tourism sector to overcome the current phase difficulties

1.9 billion US $ total proceeds of tourism sector in the first half of current financial year, retreating by 66 %

In an expanded meeting held yesterday by Minister of Finance, Mr. Hany Kadry with Minister of Tourism, Mr. Hisham Zaazou, many leaders and heads of a number of authorities affiliated to both ministries and the chairman of Federation of Tourism Chambers. Both ministers discussed approaches supporting tourism sector to overcome difficulties faced nowadays through adopting emergency procedures till the recovery of tourism activities normal rates.

Minister of finance asserted the important role of tourism in development of Egyptian economy. Such role is not represented in the tourism sector’s capacity to absorb large numbers of labor, the generated foreign currencies, but also many activities and industries that are associated to the growth of tourism industry, which may affect performance and growth of the Egyptian Economy as whole.

The Minister praised the initiatives provided by tourism sector to benefit the national economy.

The Minister of Tourism presented the Ministry’s plan to promote tourism during the near future and to increase tourists attraction, in particular in new and non-traditional areas as for the Egyptian market.

The Tourism sector’s plan to transfer to the environment friendly tourism was presented, aiming at increasing the international competitiveness in order to decrease the energy bill incurred by tourism establishments.