Egyptian ministries launch initiative to support tourism sector ...Egypt

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Egyptian ministries launch initiative to support tourism sector
The Ministers of Tourism and Antiquities and Finance announced in a joint statement on Thursday, the launch of an initiative to support the tourism sector, which includes providing LE50 billion in financing facilities for tourism companies, and facilitating the payment of installments. The initiative aims to increase the capacity of hotel rooms, with priority given to the governorates of Luxor, Aswan, Greater Cairo, the Red Sea, and South Sinai. Minister of Tourism and Antiquities Sherif Fathy indicated that this initiative is an important step to support and stimulate tourism investments, especially hotels, in order to accommodate the increase in the number of targeted tourists. Those wishi

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