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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Expands the Beneficiaries of Initiative to Support Productive Sectors

A machinery and tools factory on the outskirts of Cairo. (Reuters)

Egyptian Finance Minister Mohamed Maait said there was no alternative to enhancing the contributions of industrial and agricultural production to the structure of economic growth.

Maait announced the government’s plans to expand the base of beneficiaries of the initiative to support the productive sectors, industry, and agriculture by setting a maximum of EGP75 million for financing one company and EGP112.5 million for multilateral entities.

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