ECONOMY

Egypt’s tourism revenues down $1.3 billion since Russian plane crash

A worker looks on with his camel as he waits for tourists at the Giza Pyramids on the outskirts of Cairo. (Reuters)

Egypt's tourism revenue has declined by roughly $1.3 billion (£933.7 million) since a Russian plane crash in the Sinai last year, Prime Minister Sherif Ismail said in a televised interview on Monday.

Egypt's president said last week that a Russian plane that crashed in Sinai last October, killing all 224 people on board, had been downed by terrorists seeking to damage its tourism industry and ties with Russia, echoing a position already taken by Western countries and Moscow.

"After the plane crash, over the past three or four months, we lost around $1.2 billion or $1.3 billion in revenues," Sherif said.

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Last Update: Tuesday, 1 March 2016 KSA 11:39 - GMT 08:39
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Egypt’s tourism revenues down $1.3 billion since Russian plane crash
Egypt's tourism revenue has declined by roughly $1.3 billion since a Russian plane crash in the Sinai last year
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