Cairo – Mubasher: Egypt’s government is planning to establish an investment fund in a bid to develop hotels and tourist resorts, as well as pump new investments into the tourism sector, the tourism minister said.
The government is also preparing for a fresh raft of laws to be sent for the parliament by the end of this month within the framework of a full-fledged strategy called “E-Trip”, Rania Al-Mashat told Bloomberg TV in an interview.
E-Trip will also include conducting administrative reforms in the tourism sector, Al-Mashat added.
The Grand Egyptian Museum, set for opening by 2020 at a cost of $1 billion, will be a pivotal point in the ministry’s strategy, she highlighted.
She indicated that the number of tourists who visited Egypt in the first nine months of this year jumped 40% year-on-year to eight million visitors, stressing that the tourism sector is recovering after a recession that lasted for years.
The government is working on diversifying the tourism base to target tourists from Asia and Latin America, she noted.
