Egypt expects Suez Canal tourism revenues to succeed in between $10 billion and $12 billion by fiscal yr finish, regardless of the Ukrainian disaster. Egypt’s fiscal yr runs from July 1 to June 30.
Reuters | | Posted by Zarafshan Shiraz, Cairo
Egypt expects the Suez Canal’s revenues to succeed in about $7 billion by the tip of the present fiscal yr, finance minister Mohamed Maait mentioned on Saturday.
Tourism revenues are anticipated to succeed in between $10 billion and $12 billion by then, regardless of the Ukrainian disaster, he added. Egypt’s fiscal yr runs from July 1 to June 30.
The canal is the quickest delivery route between Europe and Asia and one of many Egyptian authorities’s primary sources of overseas foreign money.
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