The deadline for obtaining a hotel room operating license is 6 months
Sherif Fathi, Minister of Tourism and Antiquities, and Ahmed Kojok, Minister of Finance, confirmed that the Council of Ministers agreed to grant an additional 6-month grace period to the financing facilities initiative amounting to 50 billion pounds, as of October 20, 2025, to increase the hotel capacity currently present at the Egyptian destination in order to accommodate the targeted increase of tourists to Egypt annually, provided that the state’s general treasury bears the “interest” rate difference, in response to Due to the desire of many companies and investors to benefit from the incentives it includes to complete their projects.
The period for receiving applications and initial approvals from banks has also been extended from October 20, 2025, until next April 20, and this initiative comes within the framework of the government’s keenness to adopt more balanced economic and financial policies that stimulate the growth of the private sector in economic activity, while giving high priority to the tourism and hotel sector, due to its importance in employment and encouraging industries. Nutrient and increased foreign exchange resources.
The Ministries of Tourism and Antiquities, and Finance, clarify that benefiting from the subsidized return rate from the state’s general treasury, within the framework of the financing facilities initiative for the tourism sector, extends to 5 years from the date of the first withdrawal from banks, indicating that it was decided to open a final deadline of 6 months from the date of the end of the withdrawal period to obtain the final or temporary operating license no later than the end of December 2027, in order to ensure the speedy entry of these hotels. Service.
