Minister of Housing, Utilities and Urban Communities Sherif El-Sherbiny chaired a meeting of the Board of Directors of the Tourism Development Authority (TDA) to review the authority’s work agenda, assess the progress of tourism development projects, and discuss ways to accelerate tourism investment. During the meeting, the board approved a package of measures aimed at stimulating tourism investment. These include rescheduling instalment payments for tourism development and investment companies, without affecting the deadlines for subsequent payments, within the framework of facilitation measures previously endorsed by the board. The approved package also includes extending the grace period granted to tourism development and investment companies that have obtained initial approvals and are committed to settling their financial obligations. At the conclusion of the meeting, El-Sherbiny instructed continued coordination and intensified efforts to advance tourism investment and keep pace with developments across the sector.
