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:
“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)
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—Jane Jacobs (b. 1916)