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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Sabri Najeh

Egypt Earmarks $320 Million for Tourism Sector

Tourists enjoy a meal made by Saqqara residents to improve their living conditions in their village, in Giza, Egypt, on April 27, 2021. REUTERS/Shokry Hussein

The Egyptian government has included tourism within an initiative aimed at supporting the country’s productive sectors, along with industry and agriculture.

On Wednesday, Egyptian Prime Minister Mostafa Madbouly said that the government has allocated 10 billion Egyptian pounds ($320 million) to support the tourism sector within the government’s initiative, bringing the total financing for the targeted productive sectors to 160 billion Egyptian pounds ($5.17 billion) during the fiscal year 2023-2024, which starts in July.

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