Gulf Investments in Egypt Tourism Sector Total EGP12B-Report

BEIRUT (Zawya Dow Jones)--Gulf investments in Egyptian tourism projects is estimated at more than 12 billion Egyptian pounds ($2.24 billion), Abha-based Al Watan daily reported Saturday. The number of Gulf tourists visiting Egypt is growing at a rate 10% a year, the paper reported citing, Hesham Zazou, first assistant to the Egyptian minister of tourism. About 400,000 Saudi tourists visit Egypt each year, Zazou said according to the paper. Newspaper Web site: http://www.alwatan.com.sa/ -By Beirut Bureau, Zawya Dow Jones; +961-1-985 757; BeirutZDJ@zawya.com Copyright (c) 2008 Dow Jones & Company, Inc. (END) Dow Jones... [read full story]