The Environment Ministry is slapping fees on the use of Egypt’s “natural reserves,” including beaches, according to Egypt Today. According to the ministerial decision, Egyptians will be required to pay a EGP 25 “entrance fee” for any area that falls under the “natural reserves” category, while foreigners will be required to pay USD 5 during the daytime and USD 10 in the evening. It remains unclear whether these fees are applicable to privately owned beaches.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…