Publication Date:
Thu, 2012-01-19 14:15
The state-run Al-Ahram on Thursday quoted Tourism Minister Mounir Abdel-Nour as saying that the number of tourists coming to Egypt last year dropped by over 33 percent, to 9.8 million, compared to 14.7 million in 2010. Tourism revenues for 2011 came in at $8.8 billion versus $12.5 billion in 2010.
Unrest following Mubarak’s ouster in mid-February has sharply undercut both the vital tourism industry and foreign investments. Egypt has asked the International Monetary Fund for a $3.2 billion loan to help bridge a burgeoning deficit.
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