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Egypt’s tourism industry sees revenue increase

Egypt’s tourism industry sees revenue increase

Egypt’s tourism is reviving, the World Bank reported. The country jumped nine places in the Travel & Tourism Competitiveness Index published by the World Economic Forum in September, to reach position 65, according to the ner report issued on Tuesday by the WB.

Egypt’s Central Bank (ECB) reported that tourism industry revenue increased by US$2.7 billion to reach US$12.5 billion during the 2018-2019 fiscal year.

The latest figures from the World Bank report also prove that Egypt became the leading country in the Middle East and North Africa in terms of environmental sustainability and cultural resources. The touristic image was improved significantly when Egypt showed the best performance in the region’s security and protection index.

The World Bank report also highlights that the Egyptian ministry of tourism made a great leap in its tourism promotion and marketing strategy. the country left behind the recent instability and makes a progress towards welcoming guests from all over the world.

The World Bank report praised the structural reforms carried out in Egypt, noting that the financial measures were worthwhile and led to a gradual decrease of the fiscal deficit.