Friday, August 03, 2007

Tourism: Volume of tourist investments hit LE 100 billion

State Information Service

"Investments in tourism domain reached now LE 100 billion," Minister of Tourism Zuhair Garana said during the inauguration of a resort in Ain Al-Sokhna area. The investments included 187,000 hotel rooms, the minister said adding that another 143,000 rooms are under construction. The Ministry of Tourism seeks to solve the problems of the defaulted projects, Garana said. A plan is being carried out to promote the Egyptian resorts abroad, the minister added. Egypt's tourism revenues now reached $ 10.5 billion, Garana noted.

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