IMF says Egypt should be cautious over interest rates, monetary policy
The International Monetary Fund (IMF) has said that Egypt should tread carefully with regard to the potential easing of interest
Visiting the Pyramids of Giza is on many peoples’ bucket lists, but in recent years, travelers have reported frustrating experiences marked by overcrowding, aggressive vendors, and disturbing incidents of animal mistreatment.
Responding to these concerns, the Egyptian government has pledged $51 million to revamp the iconic UNESCO World Heritage site, according to Euronews. The initiative is part of a broader effort to improve the tourist experience and protect the historic site.
Key improvements will reportedly include a new visitor center, the launch of an online ticketing system, and a fleet of 45 electric buses set to shuttle visitors around the complex every five minutes. These changes aim to reduce congestion by limiting access to traditional tour buses and private vehicles.
The move also responds to increasing pressure from animal rights groups. PETA (People for the Ethical Treatment of Animals) has called for an outright ban on using animals for rides and photo opportunities, citing routine abuse of camels and horses.
“Animals are literally ridden to death and then dumped like rubbish outside the gate,” said Jason Baker, Vice President of PETA Asia.
This week, officials tested a new entry point to the site, replacing the traditional entrance near the Marriott Mena House hotel. But the trial faced resistance from local camel and horse tour operators, who blocked vehicles in protest. They argue the new designated parking areas are too far from the main entrance and could hurt their livelihoods.
Businessman Naguib Sawiris, whose companies Orascom Telecom Holding and Orascom Investment Holding are overseeing the project, responded on social media, stating that vendors refusing to relocate will be banned.
“The well-being of the public and preservation of this treasure is far more important than catering to the interests of 2,000 individuals who have caused harm to the country for years,” Sawiris said.
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