Egypt the most visited country in Africa 2023 with over 13 million tourists annually

TrendsWatch
By TrendsWatch 2 Min Read

Africa is a beautiful continent that has some of the most thrilling materials of nature and history, presently there are over 54 nations and territories, the continent has one of the world’s most highly concentrated tourist places that draw visitors from across the world.

Egypt is one of the most important destinations attracting tourism in the world due to its rich and diverse natural resources, archaeological and human potentials, in addition to its unique cultural heritage, which enables it to maximize its revenues from the tourist sector, especially as it contributes about 11.3% of the total national income, and provides about 13% of the total foreign exchange, and about 12.6% of the total strength of Egyptian labor market.

Image source: Daily News Egypt

The tourism sector is the largest source of foreign income after exports and remittances of Egyptians working abroad. According to trading economics The net inflows of foreign direct investments in the tourism sector during the second quarter of 2023 amounted to about $98 million compared to $60 million in the first quarter of 2023 and $29.8 million in the fourth quarter of 2022.

Egypt has over 13 million visitors annually. The country is widely bragged to be the cradle of civilization, maintaining the best hidden treasures and relics of the old Egyptian history. The pyramids of Giza, the sphinx, Karnak temple and most of all the Egyptian museum are a few items pulling tourists from across the world to Egypt.

Image Source: SceneNow

Egypt has a population of over 100 million people and an economy of over 400 billion dollars. Tourism contributes significantly to the nation’s GDP.

TAGGED: ,
SOURCES: Draya Egypt
Share this Article
Leave a comment

FREE
Trends In Business
Magazine

SIGN UP TO DOWNLOAD INSTANTLY