{"id":578204,"date":"2022-12-19T04:09:15","date_gmt":"2022-12-19T04:09:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/another-export-subsidies-milestone-beni-suef-dry-port-tender-coming-next-year\/"},"modified":"2022-12-19T04:09:15","modified_gmt":"2022-12-19T04:09:15","slug":"another-export-subsidies-milestone-beni-suef-dry-port-tender-coming-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/19\/another-export-subsidies-milestone-beni-suef-dry-port-tender-coming-next-year\/","title":{"rendered":"Another export subsidies milestone + Beni Suef dry port tender coming next year"},"content":{"rendered":"

EXPORTS-<\/strong><\/p>\n

That\u2019s a wrap:<\/strong> The government disbursed EGP 2.5 bn to 584 exporters last Thursday to wrap the fifth phase of its export subsidy program, the Finance Ministry said in a state<\/a>ment<\/a>. The fifth phase of the program saw more than 1.6k exporters receive a total EGP 9.7 bn in overdue subsidies, Finance Minister Mohamed Maait said in the statement \u2014 some EGP 300 mn shy of an initial EGP 10 bn<\/a> target. The Export Development Fund has so far paid EGP 42.5 bn in overdue subsidies to 2.5k exporters under the program, which allows exporters to receive their subsidies in a single payment rather than in installments over four to five years, in return for a haircut.<\/p>\n

Scrap steel export ban lifted:<\/strong> Trade and Industry Minister Ahmed Samir has lifted an export ban on scrap stainless steel in an attempt to secure much needed foreign currency, Al Mal<\/a> reported.<\/p>\n

What ban? <\/strong>The ministry introduced a ban<\/a> on the export of salvaged and scrap metals \u2014 including steel, copper, lead, aluminum, and zinc \u2014 in a bid to help manufacturers struggling with price hikes and shortages of raw materials. The ban was set to last until April 2023 after the ministry decided on a six-month extension<\/a> in October.<\/p>\n

INFRASTRUCTURE-<\/strong><\/p>\n

The Beni Suef dry port will be up for grabs next year: <\/strong>The General Authority for Land and Dry Ports will launch a tender for the management and operation of the Beni Suef dry port next year, a source at the authority reportedly told Al Borsa<\/a>. The authority will conduct a feasibility study to decide whether to establish a logistics area alongside the port.<\/p>\n

More tenders incoming: <\/strong>The Finance Ministry\u2019s PPP unit<\/a> is also looking to tender dry ports in Damietta and Sadat City as part of the state\u2019s efforts to increase the volume of public-private partnerships in Egypt.<\/p>\n

M&A-<\/strong><\/p>\n

Orascom Investment Holding (OIH) is holding on to its stake in North Korean <\/strong>telco <\/strong>Koryolink<\/a><\/strong> for the time being<\/strong>, the company said in a disclosure (pdf)<\/a> to the bourse. Reports have been circulating in the local press that OIH is looking to divest its stake in the firm and settle its balance sheet. OIH\u2019s stake in Koryolink recently decreased from 75% to 60%, after the state-owned Korea Post and Telecommunications Corporation (KPTC) subscribed to a capital increase and acquired additional shares in the firm, the statement clarified.<\/p>\n","protected":false},"excerpt":{"rendered":"

EXPORTS- That\u2019s a wrap: The government disbursed EGP 2.5 bn to 584 exporters last Thursday to wrap the fifth phase of its export subsidy program, the Finance Ministry said in a statement. The fifth phase of the program saw more than 1.6k exporters receive a total EGP 9.7 bn in overdue subsidies, Finance Minister Mohamed […]<\/p>\n","protected":false},"author":1,"featured_media":578205,"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":[7209],"tags":[111,72,7111,7128,618,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-infrastructure","tag-ma-watch","tag-orascom-investment-holding","tag-subsidies","wpautop","entry"],"acf":{"mongo_id":"700c8f08-d61a-47f2-b0e5-7cb9d98e2056","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/12\/394.jpg","photo_position":"above","related_issue":[578181],"teaser":"","voice_url":""},"yoast_head":"\nAnother export subsidies milestone + Beni Suef dry port tender coming next year - 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\/2022\/12\/19\/another-export-subsidies-milestone-beni-suef-dry-port-tender-coming-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Another export subsidies milestone + Beni Suef dry port tender coming next year\" \/>\n<meta property=\"og:description\" content=\"EXPORTS- That\u2019s a wrap: The government disbursed EGP 2.5 bn to 584 exporters last Thursday to wrap the fifth phase of its export subsidy program, the Finance Ministry said in a statement. 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His statement came during a meeting between ministry officials and the\u2026","rel":"","context":"In "Speed Round"","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":585777,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/30\/govt-to-hand-out-another-egp-10-bn-in-export-subsidies\/","url_meta":{"origin":578204,"position":1},"title":"Gov\u2019t to hand out another EGP 10 bn in export subsidies","author":"enterpriseam admin","date":"30 April 2023","format":false,"excerpt":"The sixth phase of the program opens for applications in May","rel":"","context":"In "Trade"","block_context":{"text":"Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/4\/950.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556558,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/31\/fourth-phase-of-export-subsidy-payout-program-to-launch-in-november\/","url_meta":{"origin":578204,"position":2},"title":"Fourth phase of export subsidy payout program to launch in November","author":"enterpriseam admin","date":"31 October 2021","format":false,"excerpt":"The Finance Ministry will launch a fourth phase of its export subsidy program at the start of November, Finance Minister Mohamed Maait said in a statement on Thursday. The program allows exporters to receive overdue subsidies in a single payment rather than in installments over four to five years, in\u2026","rel":"","context":"In "SUBSIDIES"","block_context":{"text":"SUBSIDIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/subsidies\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/325.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577944,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/11\/egypt-buys-more-russian-wheat\/","url_meta":{"origin":578204,"position":3},"title":"Egypt buys more Russian wheat","author":"enterpriseam admin","date":"11 December 2022","format":false,"excerpt":"COMMODITIES-State grains buyer GASC purchased 260k tons of Russian wheat directly from buyers at USD 354 per ton on a cost and freight basis, according to Agricensus. GASC made at least one other direct purchase of Russian wheat last month shortly after it canceled a tender due to high prices.TRADE-The\u2026","rel":"","context":"In "Also on our Radar"","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\/2022\/12\/192.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":671594,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/10\/export-councils-request-more-subsidized-financing-2\/","url_meta":{"origin":578204,"position":4},"title":"Export councils request more subsidized financing","author":"enterpriseam admin","date":"10 September 2025","format":false,"excerpt":"Exporters are calling for a new low-interest financing for raw materials and production inputs","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/314.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621743,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/whats-happening-with-the-promised-release-of-export-subsidy-funds-ask-egypts-exporters\/","url_meta":{"origin":578204,"position":5},"title":"What\u2019s happening with the promised release of export subsidy funds, ask Egypt\u2019s exporters","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"What\u2019s happening with the promised release of export subsidy payments, ask Egypt\u2019s exporters: Egyptian exporters frustrated by what they feel is a lack of action from the government on releasing long-overdue export subsidies are urging Prime Minister Moustafa Madbouly to take action. Egypt\u2019s export councils, along with the Egyptian Businessmen\u2019s\u2026","rel":"","context":"In "Speed Round"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=578204"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/578204\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/578181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/578205"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=578204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=578204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=578204"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=578204"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=578204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}