Published on : Thursday, November 7, 2019
This prestigious award celebrates the ministry’s contributions towards the global travel and tourism industry in the past 24 months, according to the statement. Additionally, the Ministry considered the winning as a testament to all the the efforts that were devoted to thriving in the global industry.
“The award represents another year of strong growth for #Egypt’s tourism sector reinforcing its role as a driver of economic growth and job creation,” the statement read.
It added that the Ministry’s previously launched Egypt—Tourism Reform Program (E—TRP) aims to engage at least one citizen from every household in the tourism sector, either directly or indirectly.
The Ministry underscored its success in ensuring that the policy framework is not theoretical, which is reflected in noticeably rising revenues seen in 2018/2019.
The statement stressed on the vital role played by the tourism sector in augmenting the economy, stating that it generates 10 percent of the GDP and provides one out of 10 jobs across the world.
In October 2019, the Central Bank declared that tourism revenues rose by $2.7 billion to become $12.570 billion in FY 2019/201. It jumped from $9.804 billion in FY 2017/2018.