The ceremony for the full opening of the Grand Egyptian Museum is set to attract tourists on July 3. Reuters
The ceremony for the full opening of the Grand Egyptian Museum is set to attract tourists on July 3. Reuters
The ceremony for the full opening of the Grand Egyptian Museum is set to attract tourists on July 3. Reuters
The ceremony for the full opening of the Grand Egyptian Museum is set to attract tourists on July 3. Reuters

ATM 2025: Egypt expects tourism surge as Grand Egyptian Museum opens


Deena Kamel
  • English
  • Arabic

Egypt is forecasting a 6 per cent annual increase in international visitors this year to reach 16.8 million travellers, despite the shadow of regional wars.

The country, which is preparing for the ceremony marking the full opening of the Grand Egyptian Museum in July, aims to diversify its offerings and expand into adventure travel and conference meetings, among other avenues, Sherif Fathy, Egypt's Minister of Tourism and Antiquities, said at a press conference at the Arabian Travel Market in Dubai on Monday.

Egypt may revise its annual forecast upwards later in the year, as the first three months of 2025 showed a 25 per cent annual increase, he said.

“I hope I'm going to announce to you soon a forecast that is higher than 10 per cent, but I'll wait for the second quarter in order to be able to give a more realistic forecast for the year,” he said.

Mr Fathy said the challenge is a shortage in accommodation, including hotel rooms.

In addition to visitors from traditional source markets such as Saudi Arabia and other Arab countries, Egypt has also recorded an increase in tourists from China, Turkey and Spain, he added. There is also a notable rise in visitors from Russia as well as India and other Asian countries.

“We have been blessed: we have been given capabilities, a geographical location, history, deserts with great potential, we have been given too many things,” said Mr Fathy.

“We simply decided to adopt a business development vision and we said Egypt should be number one in the world in terms of product diversification.”

Egypt has held on to its crown as the most sought after destination for travellers in the Middle East and North Africa for the 10th consecutive year, according to the latest travel trends study released by online travel company Wego on Monday.

The Arab world's most populous country, with more than 118 million inhabitants, last year broke its records when it hosted 15.7 million tourists – a 21 per cent jump on pre-pandemic levels. This was achieved despite geopolitical challenges in the region from the Israel-Gaza war and Israel's attacks in southern Lebanon.

Egypt's tourism sector, which makes up about 12 per cent of the country's gross domestic product, is a major driver of hard currency and jobs creation. The country has set a target to attract 30 million tourists by 2030.

This year, Egypt will close its Grand Egyptian Museum in Giza for two weeks in June to plan a historic opening scheduled for July 3 in an opulent ceremony that is set to beat its “Golden parade” of royal mummies.

“We would like to keep what we're planning to do at the opening ceremony as confidential as possible,” Mr Fathy said.

The plan is to turn the museum into a global research and development centre for Egyptology with annual events for archaeologists, he added.

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Name: Kumulus Water
 
Started: 2021
 
Founders: Iheb Triki and Mohamed Ali Abid
 
Based: Tunisia 
 
Sector: Water technology 
 
Number of staff: 22 
 
Investment raised: $4 million 
The specs: 2019 Lincoln MKC

Price, base / as tested: Dh169,995 / Dh192,045

Engine: Turbocharged, 2.0-litre, in-line four-cylinder

Transmission: Six-speed automatic

Power: 253hp @ 5,500rpm

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Company%20profile
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UAE central contracts

Full time contracts

Rohan Mustafa, Ahmed Raza, Mohammed Usman, Chirag Suri, Mohammed Boota, Sultan Ahmed, Zahoor Khan, Junaid Siddique, Waheed Ahmed, Zawar Farid

Part time contracts

Aryan Lakra, Ansh Tandon, Karthik Meiyappan, Rahul Bhatia, Alishan Sharafu, CP Rizwaan, Basil Hameed, Matiullah, Fahad Nawaz, Sanchit Sharma

Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5

How to invest in gold

Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.

A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).

Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.

Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”

Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”

Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”

By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.

You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.

You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.

PREMIER LEAGUE FIXTURES

Saturday (UAE kick-off times)

Watford v Leicester City (3.30pm)

Brighton v Arsenal (6pm)

West Ham v Wolves (8.30pm)

Bournemouth v Crystal Palace (10.45pm)

Sunday

Newcastle United v Sheffield United (5pm)

Aston Villa v Chelsea (7.15pm)

Everton v Liverpool (10pm)

Monday

Manchester City v Burnley (11pm)

MATCH INFO

What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae

Ant-Man and the Wasp

Director: Peyton Reed

Starring: Paul Rudd, Evangeline Lilly, Michael Douglas

Three stars

Sole survivors
  • Cecelia Crocker was on board Northwest Airlines Flight 255 in 1987 when it crashed in Detroit, killing 154 people, including her parents and brother. The plane had hit a light pole on take off
  • George Lamson Jr, from Minnesota, was on a Galaxy Airlines flight that crashed in Reno in 1985, killing 68 people. His entire seat was launched out of the plane
  • Bahia Bakari, then 12, survived when a Yemenia Airways flight crashed near the Comoros in 2009, killing 152. She was found clinging to wreckage after floating in the ocean for 13 hours.
  • Jim Polehinke was the co-pilot and sole survivor of a 2006 Comair flight that crashed in Lexington, Kentucky, killing 49.
UAE’s revised Cricket World Cup League Two schedule

August, 2021: Host - United States; Teams - UAE, United States and Scotland

Between September and November, 2021 (dates TBC): Host - Namibia; Teams - Namibia, Oman, UAE

December, 2021: Host - UAE; Teams - UAE, Namibia, Oman

February, 2022: Hosts - Nepal; Teams - UAE, Nepal, PNG

June, 2022: Hosts - Scotland; Teams - UAE, United States, Scotland

September, 2022: Hosts - PNG; Teams - UAE, PNG, Nepal

February, 2023: Hosts - UAE; Teams - UAE, PNG, Nepal

Richard Jewell

Director: Clint Eastwood

Stars: Paul Walter Hauser, Sam Rockwell, Brandon Stanley

Two-and-a-half out of five stars 

Who's who in Yemen conflict

Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government

Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council

Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south

Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory

Jetour T1 specs

Engine: 2-litre turbocharged

Power: 254hp

Torque: 390Nm

Price: From Dh126,000

Available: Now

Sarfira

Director: Sudha Kongara Prasad

Starring: Akshay Kumar, Radhika Madan, Paresh Rawal 

Rating: 2/5

COMPANY%20PROFILE
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Updated: April 29, 2025, 6:14 AM