Egypt Seeks to Attract More Tourists, $30 Bn in Revenues

[Sarah]

Egypt is hinging on an expected increase in tourists during summer, as authorities seek $30 billion annually.Egyptian authorities confirmed Sunday that the number of inbound tourists is expected to increase, aiming for a "boom" in tourism revenues.Fitch Solutions expects an increase in tourist arrivals to Egypt in 2023 and up to 2026. It forecasts Egypt's tourism revenues to grow by 17.7 percent to hit $13.6 billion in 2023.

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