{"id":671999,"date":"2025-09-17T00:00:00","date_gmt":"2025-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/govt-is-looking-to-increase-tourism-revenues-to-usd-24-bn-by-fy-2028-29\/"},"modified":"2025-09-17T00:00:00","modified_gmt":"2025-09-17T00:00:00","slug":"govt-is-looking-to-increase-tourism-revenues-to-usd-24-bn-by-fy-2028-29","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/17\/govt-is-looking-to-increase-tourism-revenues-to-usd-24-bn-by-fy-2028-29\/","title":{"rendered":"Gov\u2019t is looking to increase tourism revenues to USD 24 bn by FY 2028-29"},"content":{"rendered":"

Tourism looks set t<\/strong>o be an increasingly important contributor to the country\u2019s <\/strong>GDP<\/strong>, with the government looking to increase the sector\u2019s annual revenue to USD 24.0 bn by the fiscal year 2028-2029, up over 40% from last fiscal year\u2019s USD 16.7 bn, according to a government document detailing the National Tourism Development Strategy 2030 seen by EnterpriseAM. The targeted increase in revenues will be accompanied by a rise in tourist footfall to 30 mn by the end of the decade, up from 15.7 mn in 2024, and an increase in the average stay from 10.5 to 11 nights.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

The strategy sees the private sector playing a vital role in expanding the sector<\/strong>, with private investments making up 99.5% of total targeted investments under the plan. For the current fiscal year, the government sees investments in tourism hitting EGP 116.2 bn, up 60.5% y-o-y, with the private sector accounting for EGP 115.6 bn.<\/p>\n

Part of the plan is a focus on medical tourism<\/strong>, with the government setting out a framework to eventually attract 200k visitors a year for treatment or recovery purposes. The plan sees this segment bringing in USD 1.2 bn in annual revenues.<\/p>\n

Not the first we hear of the state\u2019s plan to boost medical tourism: <\/strong>Egypt has been trying<\/a> to position itself as a medical tourism hub to attract FDI and to open fresh FX revenue streams from patients from Africa, the Middle East, and Europe coming here for treatment, thanks to our talented and well-trained medical staff and the competitive price points Egyptian hospitals can offer.<\/p>\n

Yacht tourism is also part of the strategy<\/strong>, with the government thinking it could raise USD 3.0 bn a year from it. To support this, the government is looking to partner with the private sector to increase marina capacity and to develop international marinas by adding fuel and maintenance services. The government has been working to boost Egypt\u2019s yacht tourism for years now<\/a>. And last year the Suez Canal Authority rolled out fresh incentives and facilities<\/a> for yachts passing through the waterway.<\/p>\n

The government also wants to increase tourism on the Nile<\/strong>, with a plan to increase rooms on Nile cruises and floating hotels to 18.2k from 15.7k currently.<\/p>\n

REMEMBER- <\/strong>The government recently completed its inventory of Nile-front land<\/a> suitable for hotel development. The plots will soon be offered to private sector players for development.<\/p>\n

DATA POINT- <\/strong>Around 2.2 mn are employed directly or indirectly by the tourism sector, accounting for 6.6% of the total labor force.<\/p>\n","protected":false},"excerpt":{"rendered":"

The figure marks a 40% increase from the USD 16.7 bn recorded in the last fiscal year<\/p>\n","protected":false},"author":1,"featured_media":672000,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7377],"tags":[72,955,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-enterpriseam","tag-hospitality","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"866d875b-1b9b-4e98-910c-fe43aa07a7d4","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/9\/981.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt is looking to increase tourism revenues to USD 24 bn by FY 2028-29","related_issue":[671984],"teaser":"The figure marks a 40% increase from the USD 16.7 bn recorded in the last fiscal year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.dff92bfc-290c-4183-bb19-1eb5083a3373.mp3"},"yoast_head":"\nGov\u2019t is looking to increase tourism revenues to USD 24 bn by FY 2028-29 - 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The company is aiming to increase the number of rooms by 13% to 17k, Chairman Hamed El Chiaty reportedly told the\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/386.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567563,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/27\/tourism-ministry-aims-for-usd-15-bn-tourism-revenues-in-2020\/","url_meta":{"origin":671999,"position":2},"title":"Tourism Ministry aims for USD 15 bn tourism revenues in 2020","author":"enterpriseam admin","date":"27 January 2020","format":false,"excerpt":"Egypt targets USD 15 bn in tourism revenues this year: The Tourism and Antiquities Ministry is looking to bring in a record USD 15 bn in tourism revenues in 2020, according to Al Shorouk. This would be a substantial increase on the USD 12.6 bn in revenues made last year.\u2026","rel":"","context":"In "Speed Round"","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":546569,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/tourism-revenues-to-more-than-double-in-2021-2022-maait\/","url_meta":{"origin":671999,"position":3},"title":"Tourism revenues to more than double in 2021-2022 -Maait","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"FinMin expects minimal damage to tourism revenues from Ukraine war: Egypt\u2019s tourism revenues will more than double in FY 2021-2022 from a year earlier, according to figures announced by Finance Minister Mohamed Maait last week. The Finance Ministry is projecting revenues to reach USD 10-12 bn in the current fiscal\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":579369,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/05\/current-account-deficit-narrows-20-in-1q-2022-23\/","url_meta":{"origin":671999,"position":4},"title":"Current account deficit narrows 20% in 1Q 2022-23","author":"enterpriseam admin","date":"5 February 2023","format":false,"excerpt":"Higher FDI, exports and tourism revenues are easing balance of payments pressures.","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/2\/68.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":639026,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/19\/tourism-revenues-up-211-8-y-o-y-in-9m2017\/","url_meta":{"origin":671999,"position":5},"title":"Tourism revenues up 211.8% y-o-y in 9M2017","author":"enterpriseam admin","date":"19 October 2017","format":false,"excerpt":"Tourism revenues are up 211.8% y-o-y to USD 5.3 bn in 9M2017, a government official told Reuters. The increase in tourism revenues came on the back of increased arrivals of 55.3% y-o-y to 5.9 mn and a rise in tourists\u2019 average spending to USD 88.2 per night. European tourist arrivals\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=671999"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671999\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/671984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/672000"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671999"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671999"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}