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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)