Egyptian Tourism Federation launches $1bn investment fund

June 5, 2014 12:02 pm


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.

By

AMEinfo EXPERTS
by Naseem Javed
Mentorian Worldwide


by John Peacock
BSA Ahmad Bin Hezeem & Associates


VIEW ALL EXPERTS