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Natural gas reserves in Egypt have increased from 36 to 37 trillion cubic feet, nearly doubling its production since 2003. Natural gas supports the development of many petrochemical and fertilizer plants as well as provides electricity in Egypt. [7] The petrochemical industry uses natural gas as fuel in order to produce ammonia and urea. In ...
The Nile river has allowed for the summation of natural resources, affects Egyptians through the course of agricultural lands and irrigation systems. In addition to this, Egypt has an expanding population and limited resources. Although, countries like that of Western Europe, Japan and North America have higher demands on world resources.
Tourism accounts for 10-15% of Egypt’s economy. [34] Since tourism is influenced by weather conditions and the environment, climate change is going to have a significant impact on tourism. [ 35 ] The number of tourists visiting Egypt is projected to decline about 20% by 2060. [ 36 ]
Egypt's net natural gas exports. [70] Domestic resources meet only about 33% of Egypt's domestic demand, meaning large imports from Saudi Arabia, UAE and Iraq are necessary. Over the last 15 years, more than 180 petroleum exploration agreements have been signed and multinational oil companies spent more than US$27 billion in exploration companions.
Tourism is one of the leading sources of income, crucial to Egypt's economy. At its peak in 2010, the sector employed about 12% of workforce of Egypt, [ 1 ] serving approximately 14.7 million visitors to Egypt , and providing revenues of nearly $12.5 billion [ 2 ] as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.
Conducting research to explore the natural resources in the Egyptian deserts to be utilized at sustainable manner in Agriculture and improving livelihood of local communities' . The broad mandate is encompassing fields of research such as water resources, soil management, plant production, animal husbandry, ecology, and socioeconomic studies ...
Serious damage was done to the largest sector of Egypt's economy—tourism [80] —and in turn to the government, but it also devastated the livelihoods of many of the people on whom the group depended for support. [81] During Mubarak's reign, the political scene was dominated by the National Democratic Party, which was created by Sadat in 1978.
Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability for future generations.