Egypt moves to support tourism sector
- Egypt: Sunday, March 17 - 2013 at 07:31
Egypt's central bank has announced an initiative to boost investment in the country's battered tourism sector. The apex lender said it will provide financing facilities to tourism-related activities, including the construction of hotels and tourist projects, travel agencies and booking services, land transport companies, restaurants and other entertainment activities. "The banking sector has a 'national' duty to support Egypt's economy and help preserve the tourism sector, which is one of our main sources of foreign currency," the central bank said.
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