Regulatory Alerts2025-11-05
A circular dated November 5, 2025 regarding the Council of Ministers’ approval to extend the work on the initiative to support the tourism sector
The Central Bank of Egypt has announced amendments to the initiative supporting the tourism sector. The maximum limit for the initiative is now 50 billion Egyptian pounds. The withdrawal period is extended to a maximum of 28 months from the first withdrawal, with a grace period of 6 months to obtain an operating license, ensuring the rapid operation of hotel rooms.
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