The Egyptian Minister of Tourism and Antiquities in a meeting on Monday evening at the Egyptian Canadian Business Council surprised the audience with five answers on the future of the Egyptian tourism sector:1. He added that the tourism sector should use the current good cash flows to confirm its bankability to obtain the necessary financing to build the required rooms, and banks should also know that tourism is among the best sectors to which Egyptians’ savings can be directed. 3- The minister stressed that the door will not be opened for the establishment of new tourism companies except after amending the law on tourism companies that has been enacted more than half a century ago. 5- The minister said that he does not understand the purpose of placing a random city on the tourist map where tourism is not carried out by an administrative decree. Instead it is a product that requires creativity and innovation, good infrastructure, modern services, sites that have distinctive features, or historical sites, and so on.
