News

Egypt is Losing EGP 2 Billion a Month in Tourism Revenue Because of Terrorism, Russian Plane Crash

Egypt is Losing EGP 2 Billion a Month in Tourism Revenue Because of Terrorism, Russian Plane Crash

mystic-journey-pyramids-giza-egypt-1-1600x1200.jpg

Nine million tourists visited Egypt since the beginning of 2015, said Samy Mahmoud, the Head of Egypt’s General Authority for Tourism Promotion.

The numbers are disappointing as the Ministry of Tourism had expected to attract between 17 and 18 million tourists in 2015, said Mahmoud at a speech to the Federation of Arab Engineers in Sharm El-Sheikh over the weekend.

Attributing the decline of tourists to terrorism and the Russian airplane crash, Mahmoud said that Egypt has lost approximately EGP 2 billion in monthly revenue.

Since the January 25 revolution, Egypt has faced difficulties attracting tourists to the country. In 2010, 14.7 million tourists visited Egypt.

Tourists are not the only ones who have avoided Egypt. Recently, a world squash championship that was due to be held in Cairo was cancelled amid ‘security concerns’. Meanwhile, several international corporations have shut down their offices in Egypt.

The decline in the number of tourists has negatively impacted the four million Egyptians who work in the tourism sector. Tourism accounts for 12.6 percent of total employment in Egypt and for about 12 percent of the economy.

"No Signs of Terrorism" in Russian Airplane Crash say Egypt's Preliminary Investigations
International Diplomats Agree on Libyan National Unity Deal at Rome Summit

Subscribe to our newsletter


News

More in News

Cairo University Jumps 100 Ranks in 2019 Shanghai Academic Ranking

Egyptian StreetsAugust 17, 2019

The Sudanese Film Festival Fundraising For the Sudanese People And Their Freedom

Egyptian StreetsAugust 17, 2019

AIDS Patient Dragged Across Hospital Floor and Kicked Out, Perpetrators Investigated

Egyptian StreetsAugust 15, 2019

Ministry of Antiquities: Large Cairo Museum Artifacts Transferred to GEM

Egyptian StreetsAugust 11, 2019

More Than 2 Million Muslims in Mecca For Hajj Pilgrimage

Egyptian StreetsAugust 10, 2019

17 Terrorists Killed by Egypt Police in Cancer Institute Bombing Raids

Egyptian StreetsAugust 9, 2019

BDS Egypt Calls for Boycott of Jennifer Lopez’s Concert Over Israel Gig

Egyptian StreetsAugust 8, 2019

Egypt to Host Africa’s First Vertical Forest in its New Administrative Capital

Egyptian StreetsAugust 8, 2019
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.