In its Economic Impact Research (EIR) report for 2024, the WTTC explained that, across sector jobs, international and domestic visitor spending, the sector fully recovered last year to reach record-breaking levels
The initiative is in the final stages of preparation and the details of mechanisms and conditions will be announced soon, Shalaby added
During the meeting, Minister Issa highlighted the significant strides taken by the Ministry of Tourism and Antiquities in recent times to redefine its collaboration with the private tourism sector
El Sisi pointed out that one of the main reasons for the foreign currency shortage is because the government pays to provide basic services and commodities in USD while they are sold in the local market in EGP
