Marcopolis presents the Egypt Report focused on investments, doing business, economy, stability and security and other topics featuring interviews with key executives and business leaders. The sectors under review are industry, construction, tourism, logistics and others.
Developed in conjunction with Ext-Joom.com
Richard S. Zeolla, general manager of Cairo Marriott Hotel & Omar Khayyam Casino, is optimistic about tourism in Egypt: "The threats for instability are disappearing. People feel more secure and more confident."
"Traditionally, tourism was 10% to 11% of the GDP and a very large portion of the foreign currency reserves. It’s no secret that in the last three and a half years it’s been severely impacted."
However, "we are starting to see growth. It’s popping up from certain source markets. As long as the safety and stability continues and we stay out of the news for something bad, I really do think that the prospects are quite good."