{"id":582983,"date":"2023-03-14T00:00:00","date_gmt":"2023-03-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/tourist-arrivals-jump-by-a-third-in-january-and-february-plus-madbouly-meets-gm-egypt-saudi-interconnector\/"},"modified":"2023-03-14T00:00:00","modified_gmt":"2023-03-14T00:00:00","slug":"tourist-arrivals-jump-by-a-third-in-january-and-february-plus-madbouly-meets-gm-egypt-saudi-interconnector","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/14\/tourist-arrivals-jump-by-a-third-in-january-and-february-plus-madbouly-meets-gm-egypt-saudi-interconnector\/","title":{"rendered":"Tourist arrivals jump by a third in January and February. PLUS: Madbouly meets GM + Egypt-Saudi interconnector."},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">TOURISM-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">It\u2019s already looking like a good year for tourism: <\/span><span style=\"\">The number of tourists <\/span><span>coming into Egypt <\/span><span>jumped 34% y-o-y during January and February, Tourism Minister Ahmed Issa told <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3ZJFSF7\" style=\"\">CNBC Arabia<\/a><\/span><span>. Tourists from two of our key markets, Russia and Ukraine, saw a significant drop on the back of the ongoing war on Ukraine, dipping 40% and 80%, respectively, he said. <\/span><span>Fitch Solutions <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2023\/01\/19\/tourism-revenues-projected-to-hit-record-high-in-2023-93962\/\" style=\"\">forecast<\/a><\/span><span style=\"font-weight:400;\"> that Egypt\u2019s tourism revenues will rise 18% to a record USD 13.6 bn this year, while the number of tourists visiting the country will jump 46% to 11.6 mn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUTOMOTIVE-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Madbouly meets GM:<\/span><span style=\"\"> Representatives of General Motors and Al Mansour Auto \u2014 the <\/span><span>company\u2019s local partner \u2014 sat down with Prime Minister Moustafa Madbouly yesterday to discuss investment in Egypt, a<\/span><span>ccording to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0kAkuqAt1mMM33dN4Ho8VEQnns7M8ZPYyKYkpKKAmvMvDK8m2gSP2AYMXWhPHpLTMl\" style=\"\">a cabinet statement<\/a><\/span><span>. GM and Al Mansour are planning to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/10\/this-evening-inflation-picks-up-again-in-october-al-mansour-gm-are-launching-our-first-locally-produced-ev-86814\/\" style=\"\">launch electric Cadillacs<\/a><\/span><span style=\"font-weight:400;\"> in Egypt later this year. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">ENERGY-<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Egypt-Saudi subsea electricity cable installed by the end of the year:<\/span><span style=\"\"> Italian cable <\/span><span>manufacturer <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.prysmiangroup.com\/en\/index.html\" style=\"\">Prysmian<\/a><\/span><span> is expected to finish manufacturing the EUR 221.6 mn subsea cable that will <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2022\/10\/20\/egypt-saudi-electricity-interconnection-finally-has-a-timeline-84594\/\" style=\"\">link the power grids<\/a><\/span><span> of Egypt and Saudi Arabia and have it installed by the end of December, <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bit.ly\/3ywScfY\" style=\"\">Asharq Business<\/a><\/span><span style=\"font-weight:400;\"> reports, citing three sources it says are in the know. Egypt is set to chip in 48% of the cost, with the Saudis covering the remainder.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">REFRESHER- <\/span><span>Prysmian was <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.press\/stories\/2016\/10\/09\/italys-prysmian-wins-tender-to-install-interconnection-project-with-saudi-arabia-cables\/\" style=\"\">awarded the contract<\/a><\/span><span style=\"font-weight:400;\"> to install the electrical cables back in October 2016. Trial operations for the 3 GW, USD 1.8 bn interconnection are set to begin in May 2025 with an official operational launch set for later in the same year. The first 1.5 GW phase will go live in June 2025, followed by the second and final 1.5 GW phase in November 2025. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch expects tourism revenues to rise almost 20% this year<\/p>\n","protected":false},"author":1,"featured_media":582984,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[6374,111,144,104,6773,244,93,72,355,7111,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-582983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-mansour-auto","tag-also-on-our-radar","tag-automotive","tag-economy","tag-egypt-saudi-interconnector","tag-electricity","tag-energy","tag-enterpriseam","tag-general-motors","tag-infrastructure","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"f4f832ec-a8d7-4b14-86c4-4a8d484cada2","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/3\/Tourist-in-Aswan-1600.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Egypt\u2019s tourist arrivals jump by a third in January and February","related_issue":[582958],"teaser":"Fitch expects tourism revenues to rise almost 20% this year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/3\/.054dfc71-eebd-4af6-bc57-f0c1d19543a3.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Tourist arrivals jump by a third in January and February. 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A total of 1.23 mn German tourists arrived in Egypt last year, 797.3k from Ukraine, and 669.6k from Saudi Arabia, the report has found. The numbers, along with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568851,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/05\/egypt-tourism-expenditure-to-nearly-double-in-by-2024-colliers\/","url_meta":{"origin":582983,"position":3},"title":"Egypt tourism expenditure to nearly double in by 2024 -Colliers","author":"enterpriseam admin","date":"5 February 2020","format":false,"excerpt":"Tourist spending in Egypt is expected to hit USD 29.7 bn in 2024 from USD 16.4 bn in 2019, according to Colliers International forecasts (pdf). German tourists accounted for the largest share of spending in Egypt last year, and continued to be the top tourism source market for Egypt with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/76.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600869,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/egypts-tourist-arrivals-reach-11-3-mn-in-2018\/","url_meta":{"origin":582983,"position":4},"title":"Egypt\u2019s tourist arrivals reach 11.3 mn in 2018","author":"enterpriseam admin","date":"12 February 2019","format":false,"excerpt":"Tourist arrivals in Egypt reached 11.3 mn visitors last year, up from 8.3 mn in 2017, a World Tourism Organization official said, according to the local press. European tourists accounted for the majority of the visitors, with 1.7 mn German tourists leading the charge. A considerable number of visits also\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631656,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/egypt-sees-36-y-o-y-surge-in-tourists-arrivals-in-february\/","url_meta":{"origin":582983,"position":5},"title":"Egypt sees 36% y-o-y surge in tourists arrivals in February","author":"enterpriseam admin","date":"25 March 2018","format":false,"excerpt":"Egypt welcomed 730k tourists in February 2018, marking a 36% y-o-y increase compared to the same period last year, according to Tourism Ministry data carried by Al Shorouk. 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