Tue, 27 Nov 07
The World Travel and Tourism Council is predicting almost an 8% rise in tourism arrivals in Egypt in 2007, many of whom are drawn to Egypt’s golfing scene as part of their overall Egyptian holiday experience.
There are already around 16 international standard golf courses currently operational across Egypt - from the incredible Mena House Golf Course which directly overlooks the Pyramids, to the Cascades Golf Resort on the Red Sea which has played host to national and international tournaments - and there are more courses and golf resorts being developed at the current time, particularly along the Red Sea Riviera.
It is the general intention of the investors behind these development projects to attract PGA tour action to
A large part of the general attraction of the nation as a golf destination lies in the diversity of courses being created with the signatures of the likes of Fred Couples and Gary Player attached for example - and also in the fact that one can genuinely golf year round and across all four seasons in Egypt.
Other traditional golfing destinations like Scotland and Portugal may have a large market share of European golf tourism already, but according to the very latest Golf Benchmark Survey from KPMG Golf Advisory Services, locations that offer true year round course accessibility such as Egypt are overtaking the more traditional destinations and are likely to become the most popular in the near future.
33% of all golf tour operators surveyed for the KMPG report stated that they expect 'spectacular' growth in the golf travel market over the next 15 years and a further 56% committed to at least an outlook of 'steady' growth which bodes exceptionally well for emerging and popular golf destinations like Egypt.
Huge foreign investment
The Golf Benchmark Survey really highlights the undeniable fact that locations such as Dubai, Turkey and now Egypt are overtaking more traditional destinations as the most rapidly advancing centres for golf based tourism, and it’s not a surprise when you consider the amount of foreign direct investment being received by such ‘emerging’ golf destinations from international backers keen to see the most intensive return on investment possible.
With regards to
So successful have the Egyptian government’s plans been to transform the nation economically speaking that the World Bank rated Egypt as the "World's Top Reformer" last month in its ranking of developing economies' efforts to introduce market reforms. Because
Everywhere you look in
Investors eye Red Sea Riviera
According to Tahir Ali, the Managing Director of Egypt Revealed: It’s
Individual property investors are also focusing their attentions on the Red Sea Riviera as well, and they are buying into the golf property boom that Egypt is witnessing in direct relation to its emergence as a popular golf holiday hotspot annual property price increases of 25% have been witnessed in this area of the country and two of the most popular projects currently receiving intense investor focus are the Pyramids 2 Red Sea Resort in Hurghada and Paradise Gardens in Sahl Hasheesh.
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