Egypt taps private firms and long-delayed museum to revitalize tourism

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Egypt taps private firms and long-delayed museum to revitalize tourism
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The repeatedly delayed opening of the Grand Egyptian Museum, a vast structure that has been under construction since 2005, may happen between October 2023 and January 2024.

, home to ancient pyramids and Red Sea resorts, aims to boost tourism by up to 30% annually over the next five years, bringing in private firms to operate sites and inaugurating a huge museum around the end of 2023, its tourism minister said.

“I think Egypt deserves and should be able to grow its tourism industry by 25% to 30% per annum consistently over the coming decade. And that should get us to about 30 million [visitors] by the year 2028,” Issa told Reuters in an interview. Immediate priorities include expanding flight capacity and improving the investment climate by streamlining regulation, Issa said.

“We are reviewing this experiment today, to be able to learn from it and be able to take it to the next level and expand on it,” Issa said.

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