Tourism has plummeted with last year’s 10 million visitors sharply down from 2010 when 15 million visited Egypt.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Egypt Thursday inaugurates a "new Suez Canal" waterway touted as an achievement rivaling the digging of the original, as it seeks to boost both its economy and international standing.The new 72-kilometer waterway, built in less than a year at a cost of $9 billion, runs part of the way alongside the existing canal connecting the Red Sea and the Mediterranean.Sisi set an ambitious target of digging the waterway in just a year despite an initial estimate it would take up to three years.The expanded canal is considered a "national project" that aims to revive an economy battered by political upheaval since the 2011 ouster of longtime leader Hosni Mubarak.The government is aiming for an annual gross domestic product growth rate of 7 percent for an economy traditionally driven by tourism and canal revenues.Tourism has plummeted, however, with last year's 10 million visitors sharply down from 2010 when 15 million foreigners visited Egypt.
FOLLOW THIS ARTICLE