Tourism
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The growth of tourism to Egypt has been nothing short of phenomenal. From just one million tourists in 1980, to a record 8.1 million in 2004, a 34 per cent increase over 2003, and the Egyptian Government doesn't plan for it to stop there. By 2010 Egypt targets 9.5 million tourists raising cash receipts of over 10 billion US dollars per annum. The tourism market is now making a distinct shift towards the 'high end' with the Red Sea resorts taking centre stage. Following hot on the heels of Sharm El Sheikh is Hurghada, an up-and-coming Egyptian property resort on the western banks of the Red Sea. Once a simple fishing village, Hurghada now ranks amongst the best Egyptian destinations, with five-star accommodation, white beaches and crystal waters flashing with tropical fish and dramatic rockscapes.