{"id":572543,"date":"2020-06-29T04:36:27","date_gmt":"2020-06-29T04:36:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/"},"modified":"2020-06-29T04:36:27","modified_gmt":"2020-06-29T04:36:27","slug":"egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/","title":{"rendered":"Egypt obtains EGP 200 mn SME grant from Saudi Arabia"},"content":{"rendered":"<p><strong>KSA to give EGP 200 mn grant to five Egyptian MSMEs:<\/strong> Saudi Arabia will provide EGP 200 mn to finance five new micro, small, and medium enterprises in Egypt, International Cooperation Minister Rania Al Mashat <a href=\"https:\/\/bit.ly\/3iboxQ4\">said<\/a> yesterday. The Agricultural Bank of Egypt will receive EGP 100 mn to finance a rural development project, livestock supply chains, and dairy factories. A healthcare support program by Contact Financial Leasing and a SME logistics support program by UE Finance will receive EGP 50 mn each.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KSA to give EGP 200 mn grant to five Egyptian MSMEs: Saudi Arabia will provide EGP 200 mn to finance five new micro, small, and medium enterprises in Egypt, International Cooperation Minister Rania Al Mashat said yesterday. The Agricultural Bank of Egypt will receive EGP 100 mn to finance a rural development project, livestock supply [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[3360,933,72,5402,564,242,219,287,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572543","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-agricultural-bank-of-egypt","tag-contact-financial","tag-enterpriseam","tag-eu-finance","tag-food","tag-leasing","tag-saudi-arabia","tag-smes","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ecffa665-001d-4024-8c36-e09005618390","is_powered_by":true,"section_story_id":"88b520b7-0692-46f0-8d18-5843c8a92691","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572528],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt obtains EGP 200 mn SME grant from Saudi Arabia - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt obtains EGP 200 mn SME grant from Saudi Arabia\" \/>\n<meta property=\"og:description\" content=\"KSA to give EGP 200 mn grant to five Egyptian MSMEs: Saudi Arabia will provide EGP 200 mn to finance five new micro, small, and medium enterprises in Egypt, International Cooperation Minister Rania Al Mashat said yesterday. The Agricultural Bank of Egypt will receive EGP 100 mn to finance a rural development project, livestock supply [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-29T04:36:27+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt obtains EGP 200 mn SME grant from Saudi Arabia\",\"datePublished\":\"2020-06-29T04:36:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/\"},\"wordCount\":87,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Agricultural Bank of Egypt\",\"Contact Financial\",\"EnterpriseAM\",\"EU Finance\",\"food\",\"leasing\",\"Saudi Arabia\",\"SMEs\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/\",\"name\":\"Egypt obtains EGP 200 mn SME grant from Saudi Arabia - 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Banque Misr will receive EGP 70 mn, the Industrial Development Bank will get EGP 100 mn, and Banque\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596932,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/11\/saudi-arabia-signs-egp-125-mn-worth-grants-to-support-smes-in-egypt\/","url_meta":{"origin":572543,"position":1},"title":"Saudi Arabia signs EGP 125 mn-worth grants to support SMEs in Egypt","author":"enterpriseam admin","date":"11 July 2019","format":false,"excerpt":"Saudi Arabia signs EGP 125 mn-worth agreements to support SMEs in Egypt: The Saudi Arabia Development Fund signed three agreements worth EGP 125 mn to provide funding to SMEs through local microfinance firms EFG Hermes Leasing, Global Lease and UI Finance, the Investment Ministry said in a statement. The first\u2026","rel":"","context":"In &quot;Diplomacy + Foreign Trade&quot;","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":575322,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/12\/egypts-beltone-sme-to-launch-egp-1-bn-investment-fund-in-2021\/","url_meta":{"origin":572543,"position":2},"title":"Egypt\u2019s Beltone SME to launch EGP 1 bn investment fund in 2021","author":"enterpriseam admin","date":"12 October 2020","format":false,"excerpt":"Beltone SME will launch a EGP 1 bn investment fund by the end of 2021, Beltone Financial Holding CEO Ibrahim Karam told Al Mal. The fund will spend the next year lining up commitments from investors and has already logged interest from both local and international institutions, Karam said. Beltone\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598384,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/23\/egypts-fra-to-bring-sme-financing-under-2014-microfinance-law\/","url_meta":{"origin":572543,"position":3},"title":"Egypt\u2019s FRA to bring SME financing under 2014 microfinance law","author":"enterpriseam admin","date":"23 May 2019","format":false,"excerpt":"LEGISLATION WATCH- FRA to bring SME financing under 2014 microfinance law: Dedicated SME lenders including finance companies and NGOs could be governed under the 2014 microfinance law (pdf) after the Financial Regulatory Authority\u2019s (FRA) board of directors approved amendments to the legislation, the regulator said in a statement (pdf). The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":654441,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/11\/03\/saudi-egyptian-developers-secures-egp-4-4-bn-from-eight-banks\/","url_meta":{"origin":572543,"position":4},"title":"Saudi Egyptian Developers secures EGP 4.4 bn from eight banks","author":"enterpriseam admin","date":"3 November 2024","format":false,"excerpt":"PLUS- The EBRD will provide CIB with a EUR 25 mn unfunded financial guarantee for SME loans","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/11\/53.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570665,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/09\/egypts-aih-plans-ipo-of-its-non-bank-financial-services-arms-in-2021\/","url_meta":{"origin":572543,"position":5},"title":"Egypt\u2019s AIH plans IPO of its non-bank financial services arms in 2021","author":"enterpriseam admin","date":"9 April 2020","format":false,"excerpt":"IPO WATCH- AIH plans IPO of its NBFS arms in 2021: Arabia Investments Holding is planning to list its non-banking financial services business, which includes leasing company UE Finance and consumer finance arm Rawaj, on the EGX next year, the company said in a regulatory filing (pdf). 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