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Thursday, 20 February 2020

EGOTH signs EGP 400 mn loan agreement with NBE to renovate Mena House

The Egyptian General Company for Tourism and Hotels (EGOTH) has signed a EGP 400 mn loan agreement with the National Bank of Egypt to fund the renovation of the historic palace adjacent to the Marriott Mena House hotel, reports Masrawy. The funds will be drawn out from the EGP 50 bn set aside by local banks to support the tourism sector under a recently expanded Central Bank of Egypt program.

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