Cairo – Mubasher: The International Finance Corporation (IFC) announced it will offer credit facilities worth $20.5 million to Credence Group with the aim of supporting Egypt's tourism sector.
Nada Shousha, IFC Director for Egypt, Libya and Yeman, said the financing will help the group continue with its expansions.
The financing, divided into two loans, will go for building three hotels in Cairo and renovating a 950-room hotel in Hurghada.
