Ahmad 
Yasser Abbas, deputy CEO of the General Authority for Investment and Free Zones in Egypt, said that the number of establishments operating in the tourism sector in Egypt has reached more than 11.5 thousand establishments.
These facilities include hotels, tourist villages, resorts, tourism transport companies, marketing and others, with a total investment of EGP 182 billion.
Abbas said in a press statement that Egypt has all the attractive ingredients for investment in the tourism sector, noting that the country received 14.9 million tourists last year.
He pointed out that the authority has supported a number of partnerships between the public and private sectors in the tourism sector, especially in the field of ecotourism, due to the Egyptian government’s belief in the ability of the tourism sector to stimulate growth in other economic sectors, and its ability to provide sustainable flows of foreign exchange.
The Egyptian government seeks to enhance its revenues from tourism, as Egypt launched in November 2022 the National Strategy for Tourism Development, which includes providing access to the Egyptian tourist destination significantly, doubling the number of airline seats coming to Egypt in cooperation with the Ministry of Civil Aviation, improving the tourism investment climate in Egypt, increasing the number of hotel rooms in it during the coming period, in addition to working to improve the tourism experience in Egypt, and raise the quality of tourism services provided in it.
Inflation rate in Egypt drops to less than 28%