{"id":669427,"date":"2025-08-03T00:00:00","date_gmt":"2025-08-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/where-the-egp-100-bn-subsidized-loan-program-for-hospitality-players\/"},"modified":"2025-08-03T00:00:00","modified_gmt":"2025-08-03T00:00:00","slug":"where-the-egp-100-bn-subsidized-loan-program-for-hospitality-players","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/03\/where-the-egp-100-bn-subsidized-loan-program-for-hospitality-players\/","title":{"rendered":"Where the EGP 100 bn subsidized loan program for hospitality players?"},"content":{"rendered":"<p class=\"tag-border-left\">FINANCE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Hospitality subsidize<\/strong><strong>d loan program 2.0 on hold:<\/strong> The Finance Ministry has stalled its sign-off on a new EGP 100 bn subsidized loan initiative for the tourism sector until it completes financial and technical assessments, <a target=\"_blank\" href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=02082025&id=350580f9-0271-412c-a0f9-76a183b3fc10\" style=\"\" rel=\"noopener\">Al Shorouk<\/a> quotes Tourism Minister Sherif Fathy as having said. The initiative is designed to expand Egypt\u2019s hotel capacity to help meet the state\u2019s 30 mn tourist target by 2030.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The initiative would be the second iteration of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bea8025f-3500-43b2-a52b-7fb163b6dca1\/hospitality-players%25e2%2580%2599-egp-50-bn%253cmark%253e-subsidized-loan%253c%2Fmark%253e-program-goes-live.-plus:-news-from-accor,-air-cairo,-somabay\" style=\"\" rel=\"noopener\">EGP 50 bn program<\/a> the Madbouly government launched last year, offering subsidized loans to tourism players at a 12% interest rate. Fathy had previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a5fff048-debb-4e59-a806-d83db4cdf13a\/a-second,-larger%253cmark%253e-subsidized-loan-program%253c%2Fmark%253e-for-hospitality-players%3F\" style=\"\" rel=\"noopener\">told<\/a> Asharq Business that the second iteration of the program would amount to EGP 200 bn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">M&A- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As<\/strong><strong>hry Steel<\/strong><strong> submitt<\/strong><strong>ed a bid for 100% of cement producer <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bmicement.com\/\" style=\"\" rel=\"noopener\">Building Materials Industry<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/bmicement.com\/\" style=\"\" rel=\"noopener\">Company<\/a><\/strong>, challenging a competing bid from Spain\u2019s ITI Inversiones Industriales, <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2025\/07\/31\/1904989\" style=\"\" rel=\"noopener\">Al Borsa<\/a> reports, citing unnamed sources. ITI\u2019s bid, which comes as part of its expansion plan into North Africa, has already <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCompetitionAuthorityECA\/posts\/pfbid0CnVp62zGJBrQqWNyh3fsZXps2fXNSPTQKoZRN1NgXphZ1gdpGRMJd5FvRtUW7cxLl\" style=\"\" rel=\"noopener\">received the greenlit<\/a> from the Egyptian Competition Authority.<\/p>\n<p class=\"tag-border-left\">LOGISTICS- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Suez Can<\/strong><strong>al Authority is extending its 15% rebate for 130k+ ton capacity container <\/strong><strong>ships passing through the Suez Canal until the end of year<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/8\/8.pdf\" style=\"\" rel=\"noopener\">circular (pdf)<\/a>. The decision applies to all relevant vessels regardless of direction or whether the ships are loaded or not. <\/p>\n<p class=\"tag-border-left\">TRANSPORT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Alexandria to rec<\/strong><strong>eive 120 natgas buses from El Nasr:<\/strong> The Public Enterprise Ministry and Alexandria Governorate signed a cooperation protocol to supply the governorate\u2019s public transit authority with 120 natural gas-powered buses manufactured by state-owned <a target=\"_blank\" href=\"https:\/\/nasr.eg\/\" style=\"\" rel=\"noopener\">El Nasr Automotive<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/%D9%81%D9%8A-%D8%A5%D8%B7%D8%A7%D8%B1-%D8%AF%D8%B9%D9%85-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D8%A7%D9%84%D9%88%D8%B7%D9%86%D9%8A%D8%A9-%D9%88%D8%A7%D9%84%D8%AA%D8%AD%D9%88%D9%84-%D8%A5%D9%84%D9%89-%D8%A7%D9%84%D9%86%D9%82%D9%84-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1%D9%88%D8%B2%D9%8A%D8%B1-%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%A3%D8%B9%D9%85%D8%A7%D9%84-%D8%A7%D9%84%D8%B9%D8%A7%D9%85-%D9%88%D9%85%D8%AD%D8%A7\/1298515342318883\/\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Draschem<\/strong><strong> for Specialized Chemicals\u2019 <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/56ae4329-b447-4bbd-b1b0-ae90c9330db6\/sidpec-to-set-up-a-usd-159-mn-sodium-cyanide-factory-%2B-dp-world-to-look-into-setting-up-a-freezone-in-the-new-capital\" style=\"\" rel=\"noopener\">sodium cyanide production plant<\/a><\/strong><strong> is on course to <\/strong><strong>secure USD 120 mn from a local banking syndicate<\/strong>, which would help fund 70% of the total USD 180 mn project, <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/financing-and-investment\/92328\/%D8%A8%D9%86%D9%88%D9%83-%D8%AA%D9%82%D8%B1%D8%B6-%D8%AF%D8%B1%D8%A7%D8%B3%D9%83%D9%8A%D9%85-%D9%84%D9%84%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-120-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\/?utm_source=facebook&utm_medium=social&utm_campaign=asharq_business_egy_fb\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing an unnamed official from the company. The syndicate includes Banque Misr, National Bank of Egypt, Arab African International Bank, CIB.<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>SOUND SMART- <\/strong>Sodium cyanide is the solution commonly used for gold extraction from low-grade ore, and can be used to extract other metals, including copper, zinc, and silver.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Ashry Steel submitted a bid for 100% of cement producer Building Materials industry Company<\/p>\n","protected":false},"author":1,"featured_media":669428,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,12202,1002,7106,72,145,131,8835,7103,133,238,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-ashry-steel","tag-cement","tag-debt","tag-enterpriseam","tag-logistics","tag-manufacturing","tag-maritime","tag-suez-canal","tag-suez-canal-authority","tag-tourism","tag-trade","wpautop","entry"],"acf":{"mongo_id":"e618eda0-4e38-4471-a471-4caabd74717c","order":"9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/1874.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Where 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initiative will offer investors subsidized loans at a 12% interest rate","rel":"","context":"In \"debt\"","block_context":{"text":"debt","link":"https:\/\/enterpriseam.com\/egypt\/tag\/debt\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/1945.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":636331,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/30\/the-details-of-the-egp-50-bn-subsidized-loan-program-for-hospitality-players\/","url_meta":{"origin":669427,"position":1},"title":"The details of the EGP 50 bn subsidized loan program for hospitality players","author":"enterpriseam admin","date":"30 July 2024","format":false,"excerpt":"Individual companies can access up to EGP 1 bn in subsidized funding","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/2381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":585656,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/27\/tourism-players-once-again-have-access-to-subsidized-loans\/","url_meta":{"origin":669427,"position":2},"title":"Tourism players once again have access to subsidized loans","author":"enterpriseam admin","date":"27 April 2023","format":false,"excerpt":"The gov\u2019t will offer EGP 10 bn worth of loans at an 11% rate to the industry","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/869.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572706,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/egyptian-banks-dole-out-egp-69-bn-from-cbes-egp-100-bn-subsidized-loan-initiative\/","url_meta":{"origin":669427,"position":3},"title":"Egyptian banks dole out EGP 69 bn from CBE\u2019s EGP 100 bn subsidized loan initiative","author":"enterpriseam admin","date":"6 July 2020","format":false,"excerpt":"Banks dole out EGP 69 bn to local industry under CBE\u2019s EGP 100 bn subsidized loan initiative: Egyptian banks \u2014 primarily CIB, the National Bank of Egypt, Banque Misr, QNB, and the Export Development Bank \u2014 have handed out EGP 69 bn in loans to over 4k businesses under Central\u2026","rel":"","context":"In &quot;Speed 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