2025-11-05
Added · Updated
The Council of Ministers approved amendments to the parameters of the initiative to support the tourism sector, setting the maximum limit at 50 billion pounds or facilities granted within one and a half years from launch, ending on April 20, 2026. The withdrawal period is capped at 28 months from the first withdrawal, with a maximum end date of June 30, 2027, followed by a grace period of up to 6 months to obtain an operating license ending December 31, 2027.
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Dear Professor/Chairman of the Board.
Bank.
Greetings and good wishes.
Cairo, November 5, 2025
With reference to the circular dated October 20, 2024, regarding the Cabinet's approval to issue a new initiative. To support the tourism sector with funding from the Ministry of Finance, and with reference to the decision of the Prime Minister No. 4151 of the year. 2022, that the Ministry of Finance shall manage and follow up on the new (future) initiatives or any changes to the existing initiatives. Amended according to the controls and provisions contained in the decision, after the approval of the Council of Ministers.
I would like to inform you that the Council of Ministers has approved, in its session No. (63) dated October 22, 2025, to amend. Some of the parameters of the initiative to support the tourism sector issued in the circular referred to above, as follows:
Amendment of the second item to become "The maximum limit of the initiative is 50 billion pounds or what is granted of facilities during a year.
And a half from the date of its launch to end on April 20, 2026."
Amendment of the third item to become "The withdrawal period is a maximum of 28 months from the date of the first withdrawal, with a maximum.
For the end of the withdrawal period on June 30, 2027, and a grace period of 6 months is granted from the date of the end of the withdrawal period as a maximum. To obtain an operating license (whether final or temporary) that ends on December 31, 2027, which ensures the speed. Operation and entry of hotel rooms into service."
Please kindly take note to adhere to the above.
And accept our highest regards.
Tarek El Kholy
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Source: Central Bank of Egypt — original document
Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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