Cairo – Mubasher: Egypt’s tourism revenue is likely to grow by nearly 2% of gross domestic product (GDP) in the coming years, Capital Economics said in a recent report.

The tourism sector in Egypt will maintain recovery, easing the current deficit, the report added.

The UK-based research firm expected the North African nation’s tourism receipts to increase to up to $5 billion if the number of tourists kept rising to return to the pre-2011 levels.

The sector has witnessed a speedy recovery over the past few years, backed by the improved security situation and European countries which lifted flight bans, the report highlighted.

The Central Bank of Egypt (CBE) had revealed that Egypt’s tourism revenues jumped by 45.7% year-on-year during the first three months of the current fiscal year to $3.93 billion, versus $2.7 billion.