The pioneering architectures that exemplify archaeological expertise in Egypt’s pyramids are the most visited tourist sites. Tourism, which is the backbone of the local economy, is being used to help the country’s economy recover. In December 2020, Egypt’s travel and tourism industry accumulated a GDP of 27,237.700 EGP million. Business spending accounts for 12% of the contribution, while leisure spending accounts for 88%.
The country underpins its economy primarily on its resources, including petroleum, agriculture, media, tourism, and natural gas.
The pandemic’s consequence reduced tourists from around 13 million in 2019 to 3.5 million in 2020. Egypt’s hotels saw a precipitous decrease in occupancy, with 45 percent in the first quarter in 2020.
Recent excavations at the foot of the Step of the oldest pyramid, the ‘Pyramid of Djoser,’ have garnered reserves of ancient artifacts from the country’s most significant archaeological site.
The officials have cemented their expectations on relaunching the borders to foreign tourists to achieve economic growth. According to the health ministry, only 5 million of the country’s 100 million people have received the vaccine. As a result, the government is still tackling the pandemic that has hit its economic pillar, the tourism sector.
The explorations resulted in discovering 57 coffins in the Saqqara necropolis, followed by finding out at least 100 ancient Pharaonic caskets and Greco-Ptolemaic era coffins. They also found 40 gilded statues that are 2,500-year-old.
Saqqara is famous for the Step Pyramid built for King Djoser in 2700 BC. The country opened up mysteries in the prehistoric burial site by unearthing 3,000-year-old royal mummies. These wooden coffins were uncovered at a depth of 24 meters below ground. An opulent parade was then used to transport the 22 royal mummies to the National Museum of Egyptian Civilization.
The country’s historical background has always been the cornerstone of tourism, so the exhibit of these ancient human remains could help to revive the distressed economy.
As a result, the country intends to augment its private sector economy by increasing exports, increasing digitalization, and capitalizing on discoveries such as the “lost golden city” known as Aten will spike the tourism sector. The country’s GDP stood at 361.85 billion US dollars in 2020, and despite the pandemic, the country was predicted to have positive real GDP growth, with a 4.9 percent increase in 2022.