Egypt’s tourism industry is expected to recover with an estimated 15.3 million visitors by the end of 2024, a 5% increase over 2023, despite ongoing regional challenges, according to Tourism Minister Sherif Fathy.
Beneficiary companies will receive a low, declining interest rate of 12%, with a maximum disbursement period of 16 months ending by June 2026.
With a focus on safety, engagement, and the vibrancy of the Egyptian experience, El Kadi detailed how the ETA is reshaping perceptions of Egypt as a dynamic and appealing travel destination through a new marketing strategy
This funding, provided by the Ministry of Finance, is designed to bolster tourism companies impacted by recent challenges.
The new developments will see two hotels built on the North Coast, two in the popular resort city of Hurghada, and two in Marsa Alam.