The Central Bank last week issued a report on the balance of payments, in which it indicated that Egyptian tourism revenues recorded an increase of 28% to reach 12.6 billion dollars in the 2018/2019 fiscal year, the highest increase in the history of Egypt's tourism sector.
In this context, Dr. Rania Al-Mashat, Minister of Tourism, praised these unprecedented positive results and congratulated everyone working in the Egyptian tourism sector, whether directly or indirectly, stressing that this is the result of continuous effort and work by all relevant parties and partners in the field of tourism, locally and globally, to achieve the pillars formulated in the Structural Reform Program for the Development of the Tourism Sector.
Al-Mashat said that after 10 months of continuous work in cooperation and coordination with all relevant bodies from the government, the private sector and partners from international institutions, the ministry was able to implement the measures that led to achieving many of the goals of the reform pillars, pointing to the launch of the first follow-up report on the Structural Reform Program for the Development of the Tourism Sector last September, so that everyone, especially our partners, can see what has been done in each pillar of the structural reform, and everyone can follow the executive measures with full transparency.
