Amendments to the Tourism Sector Support Initiative Parameters

The Cabinet approved amendments to the tourism sector support initiative, authorizing the use of remaining funds from the 50 billion pounds allocation after the application registration period ended on April 20, 2026. Registered but unactivated amounts may be utilized through the Central Bank of Egypt's system within six months ending October 20, 2026. The credit limit for each company is capped at 2 billion pounds for a single client and 4 billion pounds for a single client with related parties, subject to joint approval from the Ministers of Finance and Tourism and Antiquities for the higher limit.

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Cairo, May 24, 2026
Mr. Chairman/Board of Directors
Bank
Greetings,
With reference to the circular letter 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 subsequent amendments thereto, please be informed that the Cabinet, in its session No. (90) dated April 29, 2026, approved amendments to some of the parameters of the tourism sector support initiative issued by the aforementioned circular, as follows:
Use the remaining amount (savings) from the total amount allocated for the tourism sector support initiative (the remainder of the 50 billion pounds), after the end of the registration period for applications on the Central Bank of Egypt's system on April 20, 2026. Allow the registered amounts that have not been activated to be utilized under the initiative through the Central Bank of Egypt's system, provided this is done within six months ending on October 20, 2026. The credit limit available to each company is determined in light of its business volume and regulated banking rules, provided it does not exceed the maximum limit for financing a single client of (2) billion pounds, and provided the overall maximum limit of the initiative of approximately (50) billion pounds is not exceeded. The credit limit available to each company is determined in light of its business volume and regulated banking rules, provided it does not exceed the maximum limit for financing a single client and related parties of (4) billion pounds, subject to the approval of both the Minister of Finance and the Minister of Tourism and Antiquities jointly, and provided the overall maximum limit of the initiative of approximately (50) billion pounds is not exceeded. Kindly note and adhere to the above. With high regards, Tarek Fayed

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