Cairo - Mubasher: The value of the investments in Egypt's tourism and hotels sector amounts to EGP 150 billion, according to Minister of Investment Ashraf Salman.
The tourism sector represents a main source of hard currency for the country, and it contributes by around 13% in the gross domestic product (GDP).
The tourism sector offers vast number of direct and indirect employment opportunities, pointed out Salman on the sideline of a conference held in Sharm el-Sheikh to boost tourism.
Egypt witnessed recently recovery of number of economic indicators, as it achieved economic growth of 4.2% in the fiscal year 2014/15, against 2% in the previous year, he noted.
The country's foreign direct investments climbed to $6 billion in FY14/15, up from $4 billion a year earlier.
