Ministers of Finance and Tourism: Benefit from the interest rate supported by the Treasury for a period of 5 years from the date of the first withdrawal
Ahmed Kouchouk, Minister of Finance, and Sherif Fathi, Minister of Tourism and Antiquities, confirmed that the Council of Ministers approved an additional 6-month deadline for the financing facilities initiative amounting to 50 billion pounds, as of October 20, 2025, to increase hotel capacity to accommodate the targeted increase in tourists to Egypt annually, provided that the state’s general treasury bears the “interest” rate difference, in response to the desire of many companies and investors to benefit from the incentives it includes to complete…
A joint statement from the Ministries of Finance, Tourism and Antiquities stated that the period for receiving applications and initial approvals from banks has been extended from October 20, 2025, until next April 20, pointing out that this initiative comes within the framework of the government’s keenness to adopt more balanced economic and financial policies that stimulate the growth of the private sector in economic activity while giving high priority to the tourism and hotel sector, due to its importance. In employment, encouraging feeding industries, and increasing foreign exchange resources.
The statement indicated that benefiting from the interest rate supported by the state’s general treasury, within the framework of the financing facilities initiative for the tourism sector, extends to 5 years from the date of the first withdrawal from banks.
The statement indicated that it was decided to open a final deadline for a period of 6 months from the end of the withdrawal period to obtain the final or temporary operating license no later than the end of December 2027, to ensure that these hotels quickly enter service.
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