Released on = May 18, 2007, 10:01 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = The Great Pyramids of Giza, Egypt are some of the most
famous monuments in the world and a huge tourist attraction. According to Amr
el-Ezabi of the Egyptian Tourist Authority (ETA), the ancient buildings attracted
more than 2.5 million visitors over the course of 2006. every hotel room in the city
of Cairo, the outskirts of which encompass the pyramid sites, was booked out for
most of the year - and 2007 is set to be no different, the body claims.

Press Release Body = The Great Pyramids of Giza, Egypt are some of the most famous
monuments in the world and a huge tourist attraction. According to Amr el-Ezabi of
the Egyptian Tourist Authority (ETA), the ancient buildings attracted more than 2.5
million visitors over the course of 2006. every hotel room in the city of Cairo, the
outskirts of which encompass the pyramid sites, was booked out for most of the year
- and 2007 is set to be no different, the body claims.

The pyramids are not the only ancient monuments in Egypt. There are many others,
some of which are important enough to have been declared World Heritage Sites. The
Great Sphinx of Giza, for instance, is situated next to the Great Pyramids and is
equally as famous as its neighbours. To the south, the city of Luxor and its
surrounding environs offer the Karnak Temple and the Valley of the Kings, site of
Tutankhamen\'s Tomb.

In recent years, overseas visitor numbers have also been boosted by the development
of \"products for upmarket tourists\", according to the ETA.. Aside from culture
tourism packages taking in the ancient monuments, the body has also promoted desert
safari trips, sport tourism and marine wildlife tourism.

The Red Sea area in particular has been pushed by the ETA, which remarked that the
programme is \"doing well and lots of people come to enjoy the sea now\". This is no
understatement. Around 70 per cent of the nine million tourists that went to Egypt
last year stayed in a Red Sea area resort.

This has fuelled a boom in the local property market that has seen more than 2,000
foreign nationals make a purchase in 2006. Resort development has been enhanced by
central government funding which provides for the installation of utilities such as
electricity and plumbing.

This year, the ETA expects that figure to double - along with property prices.
Property prices in key resorts have risen 50 per cent in the last two years and
rental incomes in these areas average 11 per cent, far in excess of the UK average.
Tahir Ali of property broker Egypt Revealed, advised investors: \"As with any an
emerging market there is a window of opportunity.\"

And he added that \"a growing economy, increasing tourism, encouragement of foreign
direct investment by governments and direct flights are all good signs - Egypt has
all these in place.\"


Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com