Sinai Attack: Egypt fears tourism fallout

Sinai brings in 70% of tourism revenues, Sharm el-Sheikh 40%

07 August, 17:02

(ANSAMed) - CAIRO, AUGUST 7 - Yesterday's attack on a Sinai border barracks will have ''a strong impact'' on the tourist sector, although no cancellations have yet been reported, Tourism Minister Hisham Zaazoua told Mena news agency on Tuesday.

The minister has several meetings scheduled with President Mohamed Morsi to discuss tourism, which represents 27% of Egypt's revenue, and ways to bring it back up to pre-revolution levels.

The southern Sinai and the Red Sea areas bring in 70% of Egypt's tourism-related revenue, with the Sharm el-Sheikh resort area alone bringing in 40% of the overall figure. (ANSAMed).


Business opportunities

The information system of business
opportunities abroad

News from Mediterranean