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Egyptian Tourism Federation launches $1bn investment fund

: Thursday, June 05 - 2014 @ 12:02

Egypt’s Federation of Chambers of Tourism has announced the launch of a $1bn investment fund, Daily News Egypt has reported. The federation established the fund at a minimum value of $1bn in its first phase, which will increase to $5bn in the coming phases, as a means to rescue troubled hotel projects and tourism companies, said chairman of the federation, Ilhamy Zayat.

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Thursday, June 5- 2014 @ 12:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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