Tourism is one of the most important sectors in Egypt’s economy. More than 12.8 million tourists visited Egypt in 2008, providing revenues of nearly $11 billion. The tourism sector employs about 12% of Egypt’s workforce.
Tourism Minister Hisham Zaazou told industry professionals and reporters that tourism generated some $9.4 billion in 2012, a slight increase over the $9 billion seen in 2011.
Egypt’s beaches on the Mediterranean and the Red Sea, which extend to over 3,000 kilometres (1,900 miles), are also popular tourist destinations; the Gulf of Aqaba beaches, Safaga, Sharm El Sheikh, Hurghada, Luxor, Dahab, Ras Sidr, and Marsa Alam are popular cites.
Energy in Egypt
Egypt produced 691,000 bbl/d of oil and 2,141.05 Tcf of natural gas in 2013, making the country the largest non-OPEC producer of oil and the second-largest dry natural gas producer in Africa.
In 2013, Egypt was the largest consumer of oil and natural gas in Africa, as more than 20% of total oil consumption and more than 40% of total dry natural gas consumption in Africa.
Also, Egypt possesses the largest oil refinery capacity in Africa 726,000 bbl/d (in 2012).
Egypt is currently planning to build its first nuclear power plant in El Dabaa, in the northern part of the country, with $25 billion in Russian financing.