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Tourism to Sharm El Sheikh

With its unique location in the Sinai Peninsula of Egypt, Sharm El Sheikh is considered as the meeting point between Asia and Africa and the cradle of great civilizations.

With its diverse features of environment that combine together historyand Tourism.
Sharm El Sheikh has become a huge attraction for tourists and businessmen.

Sharm El Sheikh, the biggest and most important city of Sinai, lies at the southern flank of the Peninsula where the gulfs of Aqaba and Suez meet with the Red Sea.

Sharm El Sheikh, with its dramatic mountain landscape, offers a huge variety of tourist attractions including warm deep-blue seas and world-class diving, excellent beaches, golf, quad biking in the desert, an equestrian centre, ice skating and a national park. The resort also gives a real taste of Egyptian life and culture and serves as a base to visit some of the many historic sites that surround it.

Mount Sinai is close by and according to Christian belief, this is where Moses received the Ten Commandments. Mount Sinai is more than 2,285 metres high and from the peak, where the Chapel of the Holy Trinity is sited, the views of the Sinai desert are breathtaking.

Travelling to Sharm El Sheikh

With Sharm El Sheikh being such a popular year round tourist and conference destination, there are scheduled and charter flights
operating from all major UK and European airports.

UK’s flagship carrier British Airways are now operating three direct services a week from London Gatwick.

Other airlines regularly flying direct to Sharm El Sheikh are Easy Jet, Air France, Alitalia, BMI, Eurofly, KLM, Lufthansa, Jet2, Swiss, Egypt Air, Royal Jordanian, Thomson and other charter and scheduled airlines.

The airport is located approximately 18km northeast of Sharm El Sheikh, near Ras Nasrani. The airport is situated just off a major road which follows the coast directly into Sharm El Sheikh and the
journey time is around 20 minutes.

The investment potential in Egypt – a market overview

Beautiful diving destination in Sharm El Sheikh, Egypt

Economic growth and stability

Egypt has made impressive economic progress over the last few years thanks in the main to the wide-ranging reforms that were first implemented in 2004.

They now have the second largest economy in the Arab world after Saudia Arabia.

The International Monetary Fund in 2008 commended Egypt for their determination to maintain the reform momentum in difficult circumstances and has withstood the international financial crisis better than many other economies.

The inflationrate fell to an 18 month low in June 2009, giving the central bank more room to keep its key interest rate at its lowest level for more than a year.

Egypt has an open and flourishing stock market that ranks number two in the Middle East and second only to Bahrain.
It continues to receive significant levels of foreign direct investment (FDI).
This reached nearly $20 billion in 2008, a 40% increase over the previous year.

Political situation

With its large population, history and culture, Egypt is regarded as a significant political and cultural centre in the Middle East.

The current Government is headed by Prime Minister Ahmed Nazif and the President, Hosni Mubarak, has been in power since 1981.

Tourism

Tourism remains a mainstay of the Egyptian economy, employing more than one-tenth of the population and bringing foreign revenues into the country.

The sector is one of the largest contributors to the economy, with the World Travel and Tourism Council valuing it at $18.2 billion, equivalent to 16.3% of GDP.

The Ministry of Tourism reported that foreign tourists totalled around 12.8 million in 2008, up a strong 15% year-on-year.

It is forecast that Egypt will receive over 17million visitors per year by 2020. The Sinai peninsula is particularly popular with tourists from across Europe, the Middle East and the US and nowhere in the world are there coral walls and gardens more brilliantly abundant, waters more crystalline or underwater life more varied and plentiful.

Climate and Weather

Sunny all year round! Egypt is situated in a sub-tropical region with a dry climate, hot summers and mild winters.
Winter begins in November and starts to taper off by March
with warmer days, but cooler nights.
Temperatures rarely fall below 40F or exceed 75F.
Summer begins in April / May with low humidity and temperatures in the 70sF. From June through September temperatures in the high 80s to low 100sF can be expected.

Useful link -
Egyptian State Information Service
www.sis.gov.eg

For more Information or Enquiries, please email : info@pioneer-property.co.uk

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