Egypt eyes $40 billion annual revenue in massive tourism overhaul

The Egyptian National Narrative for Comprehensive Development has revealed ambitious goals for the country’s tourism sector, aiming to increase tourism revenues to US$40.5 billion by the 2029/2030 fiscal year, RT reported on Sunday.

This target is part of Egypt’s Vision 2030 and the National Narrative prepared by the Ministry of Planning and Economic Development in cooperation with relevant stakeholders, with the aim of the role of tourism as a key driver of economic growth.

The tourism sector witnessed a strong recovery in 2024-2025, reflecting confidence in its ability to become one of the most prominent drivers of the national economy and a major source of foreign currency.

The plan relies on a dual strategy focused on simultaneously increasing both demand and spending by gradually raising the average tourist expenditure per night from $93.3 in the last fiscal year (2024) to $135 by 2029/2030.

It also plan includes improving service quality, diversifying the tourism product, and focusing on high-spending tourists.