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EBRD, UNWTO to boost Egypt's tourism recovery

EBRD, UNWTO to boost Egypt's tourism recovery

ArabFinance: The European Bank for Reconstruction and Development (EBRD) and the United Nations World Tourism Organization (UNWTO) are providing a technical assistance package for Egypt’s tourism industry amid COVID-19, according to a press release.

The program aims to incentivize job creation, support tourism enterprises, improve safety and health regulations, and provide tailor-made training programs, the statement added.

In December, EBRD provided a loan worth $12 million (EGP 188.41 million) to Al Dau Al Haram for Hotel Operations for the regeneration of a brownfield site into a Hyatt Regency hotel.

International tourist arrivals to Egypt plunged by 62.3% Year on Year (YoY) during the first half of 2020.

 

 

 

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