Egypt is unlocking the remaining cash from its massive LE 50 billion tourism fund to give local hospitality businesses a major boost. The Central Bank just overhauled the program’s rules, allowing banks to immediately deploy leftover surplus funds and extending a critical application deadline until October to make sure no capital goes underutilized, Al Mawel Al Ghad reported.
Under the newly approved terms, financial institutions are now authorized to deploy the remaining “surplus” funds left in the pool following the official closing of the program’s application window on April 20, 2026. Additionally, companies with previously registered but unactivated applications on the CBE portal have been granted a six-month grace period—lasting until October 20, 2026—to activate and utilize their funds.
To ensure equitable distribution and risk management, individual corporate credit lines will be tailored to each company’s operational scale and standard banking regulations. While a standard individual cap is set at LE 2 billion per client, a new high-tier clause allows exceptionally large-scale projects to double their borrowing limit.
With joint approval from both the Minister of Finance and the Minister of Tourism and Antiquities, single clients and their affiliates can now secure up to LE 4 billion, provided the initiative’s hard ceiling of LE 50 billion is maintained.
Egypt optimizes LE 50 billion package to maximize funding for tourism sector Egypt Independent.
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