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Tuesday, 4 August 2020

Cabinet approves decision to appoint an executive to lead the Tourism Promotion Authority

CABINET WATCH- Cabinet approves decision to appoint an executive to lead the Tourism Promotion Authority: The Tourism Promotion Authority will now be headed by a chief executive appointed by the prime minister after the Madbouly Cabinet approved in its weekly meeting on Wednesday changes to a 1981 presidential decree, according to a statement. The executive will hold the position for a renewable three-year term. The authority is currently led by ِAhmed Youssef, who was appointed chairman in 2019. Youssef saw his term renewed in June for another year.

Cabinet also approved during the meeting:

  • A EUR 183 mn grant from the European Bank for Reconstruction and Development (EBRD) signed last November to improve Egypt’s electricity grid;
  • A USD 30 mn education grant signed with USAID on 29 June to support graduate employment;
  • A decree to set up a 64-feddan investment zone in Emaar’s Uptown Cairo;

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