Egypt's tourism revenues rise to $12.6B in 2019

CAIRO - 1 October 2019: The Central Bank of Egypt revealed that tourism revenues increased by $2.7 billion to reach $12.570 billion in FY 2019/2018, compared to $9.804 billion in FY 2017/2018.

A report issued on Tuesday by the World Bank under the title "From Floating to Prosperity" praised the structural reforms, stressing that the financial reforms have paid off and led to a gradual decrease in the fiscal deficit.

Egypt has jumped nine places in the Travel and Tourism Competitiveness Index (TTCI) released by the World Economic Forum (WEF) in September.According to the WEF's travel and tourism ranking report, Egypt's tourism sector ranked 65 in the TTCI.

The report showed that Egypt made a huge leap in tourism promotion and marketing strategy.
According to the report, Egypt is the first Middle Eastern and North African country in the field of environmental sustainability and cultural resources.Egypt also showed the best performance in the security and safety index, the report added.

For her part, Tourism Minister Rania el-Mashat said the new ranking in the TTCI comes in culmination of Egypt's efforts to develop the tourism industry, referring tothe recently-launched structural reform program in this regard.