Economy
The coast is, as already mentioned, a tourist element. Since the early 80s, Hurghada has been a popular destination for beach lovers and scuba divers. Tourism is also growing in the southern cities of Al-Qusair, Safaga and Marsa Alam. In addition to the numerous hotels and tourist establishments in the centers are located in Al-Bahr al-Ahmar 2 official nature reserves are to be developed for tourism or. The Wadi al-Gamal National Park (Valley of the camels) at Hamata near the town of Marsa Alam and the Gebel Elba National Park in Hala'ib-delta near the city Halayib. Besides a strong tourism industry, there is also a large offshore fishing industry. The area, which extends over the province, is rich in minerals, such as in phosphates. The Ras Gharib region contains 70% of Egypt's oil production.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)