File - Tourists in Sharm el-Sheikh in 2010, when visitor numbers were at their highest in four years.
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Egypt hopes to raise $1 billion through an investment fund to support its tourism sector, Tourism Minister Hisham Zaazou said Wednesday, after more than three years of violence and political instability that have decimated the sector.Over 14.7 million tourists visited Egypt in 2010, dropping to 9.8 million after the revolution that toppled Mubarak.Its foreign reserves dipped to a critical low last year and its tourism revenue dropped by 43 percent to $1.3 billion in the first quarter of this fiscal year.
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