This Issue is : 02-2009

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The government will Pump Investments for Promoting Tourism Sector

The government will Pump Investments for Promoting Tourism Sector
 
Egyptian Prime Minister Dr. Ahmed Nazif, stressed that the government and the private sector should unite their efforts in order to face the potential impacts of the economic meltdown on Egyptian tourism.

In a meeting attended by representatives from the Tourist Chambers and some senior tour companies' presidents, Nazif added that the government would take some procedures intended to promote that vital sector by pumping either direct or indirect investments.

He also referred to the amount of expenditure the government allocated for infra-structure, basic services including water supplies, sanitary sewerage, electricity, training, roads, and transportation which all positively contribute to tourism.
Moreover, Prime Minister asked the private sector to take parallel actions to stimulate tourism and not to dismiss the well-trained employees due to the expected crisis.
According to Dr. Magdy Rady, the cabinet's spokesman, Nazif expressed that no matter how long the crisis would be, it is still limited and so, tour companies should maintain the foundations made in the past in order to exploit them used in the coming period.
Mr. Zoheir Garanah, Minister of Tourism said In a report that in spite of the global economic crisis emerging last September, Egyptian tourism has witnessed a thrive in 2008 as statistics indicates that it achieved 11 billion dollars from January,1 to December, 31, 2008.
However, the report told that the crisis has begun to badly affect the sector since the start of the present year
 
 
Reham Elbarbary