INTERVIEW: Egypt's tourism sector may lose $842m in the next 3 months
159 views · Published 18 November 2015 · 5:29 · Indexed 12 November 2026
Channel: CGTN Africa · 2015 · News & Politics
Egypt's Prime Minister Sherif Ismail has been holding a crisis cabinet meeting after Russia confirmed that a bomb caused crash of Airbus A321 over Sinai two weeks ago. The announcement will worsen the economic toll on the vital tourism sector. This week, Tourism Minister Hesham Zaazou says he expects over $ 800 M in losses in the country's sector if the crisis in Sharm al-Sheikh continues for the next three months. Russia and the UK alone account for two thirds of tourist traffic into Egypt. Just a month ago, they brought in around $ 100 M through direct spending in the sector. Today, several countries, including Britain and Russia, have cancelled flights to the resort area, after their respective governments inferred that the crash was most likely the caused by a bomb exploding on board Metrojet flight 9268.
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