After a difficult few years following the 2011 revolution, there is renewed hope for Egypt’s tourism sector, with 2017 bringing the industry back to growth. Confidence is returning and the authorities are boldly predicting that the sector can reclaim its place as one of the leading engines of economic expansion. While there were positive signs...
While it may be early days for the Egyptian tourism industry’s recovery, investors appear to be convinced by it’s medium to long-term prospects. Indeed, despite the difficulties faced by hospitality firms in the last few years, Egypt has the most hotels under construction on the continent. According to a mid-2017 report by the trade news site...
After a difficult few years following the 2011 revolution, there is renewed hope for Egypt’s tourism sector, with 2017 bringing the industry back to growth. While there were positive signs for tourism in 2013 and 2014, before a relapse in 2015, the flotation of the currency in November 2016 has made the Egyptian market more competitive, and the government has also expended significant energy...
As Egypt enters 2018, a newly liberalised local currency and the recent implementation of a much-anticipated investment framework have left the country well positioned for continued economic expansion: the IMF expects GDP growth to reach 4.5% in 2018 and accelerate to around 6% over the medium term.
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