Tourism key to the economic recovery of Egypt

Tourism key to the economic recovery of Egypt

As the leading foreign exchange earner and representing one in every seven jobs tourism is key to the economic recovery of Egypt prime minister Essam Sharaf has said.

Following discussions with UNWTO secretary-general, Taleb Rifai, and president of the World Travel & Tourism Council (WTTC), David Scowsill, Sharaf confirmed the strategic importance of tourism for the country’s economic recovery and social stability, especially in the current transition period.

He said: “We appreciate your visit and support; tourism is a critical activity for Egypt.

“This is a time for action which will help us get through the current bottleneck; the more we do together, the better.”

“International tourists are slowly beginning to return to Egypt.

In 2010 tourism accounted for 11.5 per cent of our GDP and US$13 billion in revenues.

Rifai praised the high political support shown for tourism; the principal foreign exchange earner and a leading job creator in Egypt.

“Tourism is clearly seen as a national priority involving all areas of public policy and thus can be a major contributor to consolidate the transition,” he said.

“Moreover, throughout my visit it has been very clear that the Egyptian tourism sector is fully operational and ready to receive visitors.”

In his meetings with tourism stakeholders, Rifai underscored the importance of the backing of the international community to Egypt, both politically and financially, as witnessed by the recent announcements of the G8 and the World Bank to commit substantial funds for the country.

“Egypt is not only the leading tourism destination in the region, but also a central piece for its political and economic stability,” he added.

Scowsill went on highlight the importance of close collaboration between global public and private tourism players, along with the need to clearly communicate the stability in the country.

“Egyptian tourism has recovered quickly from setbacks in the past, and it is good to see that visitors are now coming back,” he said.

“Given the current difficulties in the region, it is important for the industry to get a clear message out that the new Egypt is stable and open for business.”

World Travel Awards

One organisation playing a key role in the resurgence of tourism in Egypt is the World Travel Awards.

On September 16th this year the organisation will stage its Africa & Indian Ocean Gala Ceremony at the Royal Savoy Hotel in Sharm-el-Sheikh, Egypt.