Egyptian Businessmen’s Association offers 11 recommendations to solve tourism crisis
The tourism committee of the Egyptian Businessmen’s Association (EBA) is calling on the government to exempt Saudi investors from regulations that restrict foreign ownership in Sinai, Al Shorouk reports. The committee’s head Ahmed Balba’ believes such a move would not only facilitate the construction of the King Salman bridge but also encourage more Saudi investors to enter the Sinai tourism sector. Commenting on the government’s recently announced tourism strategy, the EBA wants revenues to be the metric that defines the sector and not number of tourists. Other recommendations include hiring an international firm for airport security and relieving the sector of its financial responsibilities for two years without additional fees, Al Borsa reports. The recommendations also include a 10-year tax exemption for tourism projects and approving the transformation of the Ras Benas military airport to a civilian one.