Economy of Egypt in the context of African Continental Free Trade Area

The Aswan Dam, or Aswan High Dam, is one of the world's largest embankment dams, which was built between 1960 and 1970 across the Nile in Aswan, Egypt. The project was developed by the military regime that took power following the 1952 Egyptian revolution, to better control flooding, provide increased water storage for irrigation and generate hydroelectricity, the dam was seen as pivotal to the country's industrialization plans. Like the earlier implementation, the High Dam has had a significant effect on the economy and culture of Egypt.

When it was completed, it was the tallest earthen dam in the world, surpassing the Chatuge Dam in the United States. The dam, which created the Lake Nasser reservoir, was built 7 km (4.3 mi) upstream of the Aswan Low Dam, which had been completed in 1902 and was already at its maximum utilization.

Tourism in Egypt is one of the leading sources of income, a vital component of the national economy. At its peak in 2010, the sector employed about 12% of workforce of Egypt, serving approximately 14.7 million visitors to Egypt, and providing revenues of nearly $12.5 billion as well as contributing more than 11% of GDP and 14.4% of foreign currency revenues.