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Saturday, 14 December 2019

Egypt's tourism minister to speak at UNWTO event in Geneva on financing 2030 agenda

Ahram Online , Tuesday 2 Jul 2019
Egypt
Egypt's Minister of Tourism Rania Al-Mashat (Photo Courtesy of Tourism ministry)
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Egypt's Tourism Minister Dr. Rania Al-Mashat travelled to Geneva to be a key speaker in a dialogue session organized by the UN's World Tourism Organization (UNWTO) on international financing to the tourism sector.

The "Tourism financing for the 2030 Agenda" roundtable is held by the UNWTO in cooperation with the World Trade Organization.

The event will be held in Geneva, Switzerland from 3-5 July with participation from other key figures in the industry.

The Egyptian tourism minister pointed out she will discuss the importance of allocating aid from trade directed to support tourism, allowing the industry to achieve goals under Sustainable Development 2030.

Growth in tourism has exceeded the rates of global economic growth, yet the funding of the sector from international financing corporations remains weak, Al-Mashat said, elaborating that flows directed to the sector only amounted 0.4 percent from total global aid for trade in 2017.

The Egyptian minister said the number of international tourists worldwide rose by 6 percent globally in 2018, reporting 1.4 billion tourists according to data from the UNWTO.

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