Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Egypt Boosts Tourism Industry Despite Covid-19 Challenges

Tue 18 Jan 2022 | 12:02 PM
Ahmed Moamar

Despite the difficult conditions resulting from the Corona pandemic, Egypt was able to restore a large part of the tourism movement in many areas.

Tourism projects, whether affiliated with the Tourism Holding Company or the private sector continued to be implemented despite the pandemic.

The government has taken early many measures to deal with the repercussions of the Coronavirus (known also as COVID 19) on tourism companies on the one hand and to restore the tourism movement itself on the other hand.

On its part, the government implemented a package of mechanisms to support the tourism sector, including postponing the procedures for signing administrative reservations on hotel and tourism projects for another year ending on December 31, 2021.

Also, the government decided to exempt tourism companies from paying real estate tax on hotels and other establishments, starting from January 1 until April 30, 2021.

In addition to scheduling some debts and dues on hotel and tourist facilities resulting from the Coronavirus crisis for a period of 36 months (electricity - gas - water - Nile marinas).

The government also decided to postpone the payment of some government fees for the Nile marinas, and to postpone the payment of 60% of the dues for the monthly consumption of electricity, gas, and water for hotel facilities in the Republic, as well as tourist facilities in the tourist governorates like  Aswan.

The government also applied the same measurements to airlines.

The Central Bank of Egypt also supported the tourism sector by extending the validity period of the initiative to support the tourism sector for an additional year that ends at the end of December 2022, during which any requests for deferment of bank entitlements will be accepted for a maximum period of 3 years.

The Board of Directors of the Central Bank agreed to extend the validity period of the initiative to support the tourism sector for an additional year, to end at the end of December 2022.