In an effort to revitalise the tourism sector, Giza Governor Ali Abdel Rahman announced on Sunday the details of the “largest” tourism service project in the governorate at a cost of EGP 7.5m, according to a statement from the governorate.
Ministry of Tourism will fund the project which will be implemented by Ministry of Antiquities, Abdel Rahman said.
Situated near Haram Street, the project will include 280 bazaars, commercial shops, touristic restaurants and cafes with the aim of serving tourists.
According to Abdel Rahman, the tender to implement the project will be issued on a usufruct basis for the developers within a month.
The announcement followed a Sunday visit by the governor to the project site, which he said would attract tourists due to proximity to the Giza Pyramids.
A total of EGP 21m has been allocated by the governorate to develop roads in the area of Haram Street, with Abdel Rahman pointed out that the governorate has spent EGP 25m on this over the past two years.
The tourism sector struggled in 2013 after many European and foreign governments warned travel agencies in August to stop selling holiday packages to Egypt amid rising fears of violence after the dispersal of a sit-in held by supporters of former president Mohamed Morsi.
The Ministry of Finance recently announced that tourism revenues in the first half of fiscal year (FY) 2013/2014 are down 66% year on year, registering $1.9bn.
Minister of Tourism Hisham Zaazou announced last week an increase in visa fees for tourists visiting the country from $15 to $20.
In a positive outlook, however, Zaazou said he expected the number of tourists to increase by 3 million in 2014 to 12.5 million, up from 9.5 million in 2013, generating $11bn in revenues.