Agreement of establishing fund for developing tourist projects inked
Tourism Minister Khaled Ramy
Sharm el-Sheikh - MENA
An agreement on establishing a fund for direct investments and development of tourist projects was signed under the sponsorship of the ministries of Tourism and Planning.
The agreement was inked between Ayadi Company, Cairo Capital Group and Al Ahly for Development and Investment to establish the fund in which the Tourism Ministry contributes with 100 million EGP.
The fund aims at helping the faltering tourist projects.
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