Egypt to Aims to Reach 7.4 Billion in Tourism Sector Investments in FY 2022/23Egypt’s government has set new investment targets for the fiscal year (FY) of 2022/2023, aiming to reach 7.4 billion in investments for Egypt’s tourism sector. These new targets aim to fortify the tourism and antiquities sector, which serves as one of the most lucrative and vital for Egypt. As a result, approximately USD 9 million (EGP 222 million) was generated in touristic revenue for 2021. Ahead of the Qatar World Cup, Egypt announced that it would grant holders of the FIFA Hayya Card permission to enter Egypt sans visa. Similarly, the hospitality sector has been encouraged, for the tournament’s duration, to adjust pricing to accommodate potential tourists.
