The government is set to establish a 1,000 factory complex for SMEs at a cost of EGP 1.5 bn, head of the Small and Medium Enterprises Union Alaa El Sokati said in a press statement reported by Youm7. The location and a timeframe for the complex have yet to be revealed.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…