It is certain that this attack was intended to undermine not just tourism but also international confidence in the Egyptian economy. Foreign investments in Egypt, and possibly local investments too, will undoubtedly be affected by the attack.
Terrorism is the plague of many nations.
Yet it remains important that in the international arena those countries afflicted by this plague should be seen to be addressing the problem with the necessary seriousness. Regardless of information campaigns and diplomatic moves to restrict the ability of terrorist to operate from overseas, the most efficient course of action to restore international confidence in Egypt is to pursue the development of the domestic economy with, if anything, even greater vigour. Unless we pursue this course, the terrorists will have succeeded in paralyzing the national economy. Ironically, Egypt s recent positive economic indicators were one of the reasons behind the attack. The terrorists were horrified by Egypt s sustained growth and resolved to do everything in their power to prevent economic recovery.