Regulatory Alerts2025-02-23
A periodic book on February 23, 2025 regarding the approval of the Council of Ministers to issue an initiative to finance the priority industrial sectors according to the determinants of the Ministry of Finance
The Egyptian government has approved an initiative to support priority industrial sectors with a reduced 15% interest rate, effective January 16, 2025. This initiative, managed by the Ministry of Finance, allocates 30 billion Egyptian pounds to finance machinery, equipment, and production lines. Priority will be given to projects in areas most in need of development, particularly in Upper Egypt and the Suez Canal region, aiming to boost local value added and employment.