The tourism sector revenues amounted to $6.6 billion in the first half of 2024 and this represents a 5% increase compared to the $6.3 billion generated during the same period in 2023.
Furthermore, on January 30th, it was reported that Egypt's tourism revenues for the year 2023 increased by 8% compared to the previous year, reaching a total of $13.2 billion.
The minister also highlighted a reduction in the Supreme Council of Antiquities' debt to the state's general budget. The debt has decreased by EGP 1 billion during the current fiscal year, compared to EGP 8 billion at the end of June 2022
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
