Sigma Capital

25-05-2026

Egypt expands tourism financing initiative, raises maximum client funding to EGP 4B

Source: MIST

Business Today-


The Central Bank of Egypt (CBE) announced new amendments to the state-backed tourism support initiative after the Cabinet approved changes aimed at boosting investment and operational capacity in the tourism sector.

In a circular addressed to local banks, the CBE said the remaining funds under the initiative, which carries a total financing allocation of EGP 50 billion backed by the Ministry of Finance, can now be used to finance all pending requests registered on the central bank’s system that have not yet been activated by banks.

The activation process must be completed by the end of June 2026.

Under the revised rules, the maximum financing limit for a single client was set at EGP 2 billion, depending on the company’s business size and banking regulations, while maintaining the initiative’s total financing cap.

The amendments also allow the financing ceiling for a client and related parties to increase to EGP 4 billion, subject to joint approval from the ministers of finance and tourism and antiquities, without exceeding the initiative’s overall EGP 50 billion limit.

The central bank stressed the importance of banks adhering to all regulatory guidelines governing the initiative, as part of efforts to support tourism companies, stimulate investment, and strengthen growth and operational activity across the sector.