Holding Company for Tourism and Hotels subsidiary Misr Travel has received a EGP 250 mn loan from India’s Investment Ministry to purchase new vehicles to upgrade its fleet, Chairman Rashad Refai tells Al Mal. The loan has a five-year tenor and a repayment period of 20 years with 1.5% interest, in addition to a 1% administrative tax, he said. The new vehicles are expected to be delivered by the end of the year.

Tags: