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The Canal Company for Electricity Distribution agreed to schedule the outstanding dues of the tourism sector over 36 months with 0% interest. An official at the Egyptian Electricity Holding Company (EEHC) said the decision is aimed not to ease the burden on the tourism sector, and help tourist installations to pay their electricity bills regularly …
The number of tourists to visit Egypt in 2015 fell by 600,000 from the 9.9 million registered in 2014
Non-performing bodies will schedule receivables, with several facilitations and incentives in payment
$6bn tourism revenues for 2015, down $1.5bn on 2014
Ministry finances numerous training centres and programmes with EGP 30m to EGP 40m.
Foreign ministry decided to stop all individual visas to Egypt, leading to fears of negative impact amid ongoing tourism sector crises
Initiative viewed as superficial by industry experts