UAE pumps $ 4 bn in Egypt's tourism sector |
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Dubai, May 7th, 2008 (WAM) -- The UAE has pumped US$ 4 billion in the vibrant Egyptian tourism sector, accounting for 30 per cent of total Arab tourism investment in Egypt, a senior Egyptian official has disclosed.
Quoting figures by Egyptian Tourism Development Authority, First Assistant of Egyptian Tourism Minister Hisham Zazo told reporters Wednesday at the sideline of the ongoing Arab Travel Market in Dubai that tourism sector contributes 11.3 per cent to Egypt's gross domestic product and 19.3 per cent to the total foreign currencies basket. ''Egypt plan s to attract 14 million holidaymakers and boost hotel capacity to 240,000 rooms by 2011,''he added. According to him, Arab tourists to Egypt rose to 1.9 million last year from 1.3 million in 2003 and revenues from them jumped to US$ 2.2 billion from US$ 2.2 billion for the same period. ''The number of UAE tourists to Egypt surged to 52,400 in 2007 from 32,000 in 2003,''he indicated.© Copyright Emirates News Agency (WAM) 2008.
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