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Egpyt's tourism expected to boom in 2025 amid global campaigns

China

China

China

Egpyt's tourism expected to boom in 2025 amid global campaigns

2024-12-27 22:01 Last Updated At:12-28 05:27

Egypt is forecast to see a significant rise in tourism for 2025 due to its extensive campaigns to promote itself worldwide and continued efforts to gain traction from more tourists globally, according to some officials.

The growth is also probable to result from the North African country's investment in the tourism sector and the potential end to regional conflict.

With its extraordinary history and culture, Egypt has been a must-see destination for world travelers for many decades now. Despite a series of headwinds including conflict and humanitarian crises on its borders, the North African country is continuing to set new records in tourism.

Officials say the country hit a record of 15.5 million arrivals this year.

"We have to admit that we were affected. The forecast was 18 million tourists in 2024, so we could have done better but it's still good amidst the turmoil. That's because of our extensive marketing campaigns worldwide, the road shows and competitive prices we are offering. We also offer different destinations throughout the year like Luxor and Aswan in winter, and Sharm El sheikh for the beaches, and the North Coast in the summer," said Hani Peter, member of Egyptian Chamber of Tourism Companies.

The government sees tourism as key to Egypt's economic future, setting a target of attracting 25 million tourists a year by 2028 and working hard with industry players to ensure its achievement.

Officials and operators believe the country can tap into newer markets, such as India, China and Japan, to supplement the traditional markets of Russia, the UK, Germany, Italy, and France.

"The traditional markets Egypt depends on are Russia, UK, Germany, Italy and France. Those five or six countries send bulks, millions of tourists every year. The newer markets we are working to increase their inflows are India, the far east, China of course and Japan," said Abdel Rahman Anwar, Vice President of Egyptian Investors Union.

However, a lack of accommodation has been a sticking point, prompting officials to offer incentives and soft loans for investors to build new hotels or expand existing ones, with the aim to more than double the current capacity of about 225,000 thousand rooms.

Another issue of concern is transportation.

"The golden saying goes: 'When there's transportation there is a tourist.' And we have to emphasize this strategy by merging the Tourism and Aviation ministries together. This will improve the performance and will enable us to create new transport links to the markets we need to ease the access to our tourists," Peter said.

Looking ahead, 2025 could be an even better year than its predecessor, as the government remains optimistic that a potential end to regional conflicts could bring stability and security, further boosting tourism inflows.

"We are all optimistic after Trump said he will stop all wars in the region. If this happens then definitely will bring stability and security and increase tourism inflows," Anwar said.

The government says it's focusing on tourism, a sector that contributes six percent of GDP, as it's a major source of hard currency for the state, as well as a crucial employer for secondary industries.

Egpyt's tourism expected to boom in 2025 amid global campaigns

Egpyt's tourism expected to boom in 2025 amid global campaigns

The safeguard investigation into imported beef is in line with the World Trade Organization (WTO) rules, and has played a role in stabilizing expectations for the domestic beef cattle industry, according to the China Animal Agriculture Association (CAAA).

The investigation was launched on Friday in response to an application submitted by the CAAA and nine industry associations from major beef-producing regions on behalf of the domestic beef industry, the Ministry of Commerce said in a statement.

The application claims that the import volume of the product under investigation increased sharply in the past five years, with a growth of 106.28 percent in the first half of 2024 compared to the same period in 2019.

The probe will examine imported meat of bovine animals from January 1, 2019 to June 30, 2024. "Beef imports have surged since 2024, with 2.6 million tons imported from January to November, up 4.3 percent year on year. The large amount of imported beef has a serious impact on China's cattle industry," said Liu Qiangde, deputy secretary-general of the CAAA.

Under the impact of imported beef, prices of China's domestic beef and live cattle fell rapidly, with beef prices falling to their lowest level in nearly five years, and live cattle prices to their lowest level in nearly 10 years.

Data show that the average loss of a beef cow in November this year is more than 1,600 yuan (about 219 U.S. dollars), and the loss of more than 1,000 yuan has remained for eight consecutive months. More than 65 percent of farms are in loss.

According to the monitoring, the current base cow stock has been down more than 3 percent from the record high in June 2023, and the newborn calves from January to November this year are down more than 8 percent compared to the same period last year.

"If measures are not taken as soon as possible, the high-quality base cow groups that have been developed with great difficulty will face shrinkage, which will shake the foundation of the beef cattle industry. Therefore, we strongly call on the government to take control measures on imported beef to protect farmers' livelihoods and industry security. This is also a measure in line with WTO rules. The release of this announcement has played a role in stabilizing expectations for the domestic beef cattle industry," Liu said.

The investigation is expected to conclude within eight months, although it may be extended under special circumstances.

China's safeguard investigation into imported beef in line with WTO rules: animal agriculture association

China's safeguard investigation into imported beef in line with WTO rules: animal agriculture association

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