Regulatory Alerts2022-03-31
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Circular dated March 8, 2022 regarding the decision of the Ministry of Trade and Industry regarding import for private use
The Central Bank of Egypt extends the repayment period for the tourism sector financing initiative to December 2022, with a grace period ending in June 2022 and the first installment due in July 2022. The circular also extends the repayment period for the floating hotels and accommodation facilities initiative to December 2022, with a grace period ending in June 2022 and the first installment due in July 2022. Additionally, the document confirms that financing is available for the conversion of tourism establishments into green facilities and the use of clean energy, including natural gas projects.
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