More than 90% of the inbound visitors in Egypt are Beach tourists, according to a recent study issued by the Egyptian Center for Strategic Studies (ECSS), entitled “Sustainable development: the role of the blue economy in promoting sustainable development”.

The study said that Egypt has attractive beach activities, in addition to yachting, diving, and fishing activities. It continued that the tourism sector contributes about 11.9% of Egypt’s gross domestic product (GDP), and absorbs about 12.6% of the total employment. In addition Egypt`s tourism sector contributes to about 21% of the total non-commodity exports, and 19.3% of foreign exchange earnings, mentioning  the sector growth rate reached 16.5% in 2019 before it was affected by the Corona pandemic.

The study pointed out that the state has expanded its oil extraction and exploration activities on the coasts of the Mediterranean, mentioning that the state’s efforts in this context have begun to create a suitable environment for search and exploration operations by signing border demarcation agreements between Egypt and Saudi Arabia from the eastern side, and between Egypt, Greece and Cyprus from the northern side. This was followed by the discovery of the largest gas field in the Egyptian economic waters with reserves of about 30 trillion cubic feet of gas that can be increased. This led to attracting many international companies to carry out exploration and exploration…