Suez Canal Project Will Contribute to Double Revenues to US$13bn by 2023: Minister

Egyptian Minister of Tourism Hisham Zazou said Suez Canal project will contribute in doubling the revenues from US$5 billion to US$13 billion by 2023.

The Minister added in a keynote speech at Euromoney’s 19th Annual Conference Cairo on Wednesday that the national projects support the country’s attitude towards increasing revenues and reducing unemployment rates.

The government is aiming to transform the Egyptian market into an attractive destination for foreign investment to achieve the target rates of development during the past years, Zazou asserted.

We should remove the investment obstacles and solve dilemmas in order to make Egypt an attractive country for foreign investments, Zazou noted.

Furthermore, government is targeting removing all the challenges and to achieve reforms so as to attain balance and social justice.