Global travel industry transaction technology provider, Travelport, has unveiled renewed investment plans for Egypt, amid the country's ‘recovering’ tourism sector.

According to a study co-sponsored by Travelport and conducted by market research company Pho-CusWright, the travel industry in Egypt is forecast to start recovering in the near future, with the tourism sector predicted to grow from $5.1bn in 2012 to $5.9bn in 2014.

Subsequently, Travelport says it has outlined a robust business strategy for the country, which includes the introduction of additional offerings in the next 18 months.

Travelport says it plans to unveil products such as its ‘Document Producer Plus’ -- which allows subscribers to produce numerous documents from a PNR (Passenger Name Record) -- and ‘Rapid Reprice’ -- Travelport's revenue management tool.

Travelport says it further plans to make more investments in its mobile technologies.

According to the Travelport co-sponsored research, Egypt has some of the highest mobile web penetration in the world, with estimated 71m mobiles phones for a population of 81m (in 2012).

"Travelport has a long history in Egypt spanning over 20 years, and this remains a strategic investment region for us," said Tarek Bassiouny, General Manager, Egypt, Travelport.

"In the recent years, Travelport has made a significant investment in Egypt in terms of products, services, and our team - and we remain positive about the future of the local travel industry," he added.

In April this year, Travelport also announced plans to launch a commercial presence in Kenya amid strong economic growth in that country.