{"id":593886,"date":"2019-10-13T04:01:56","date_gmt":"2019-10-13T04:01:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/"},"modified":"2019-10-13T04:01:56","modified_gmt":"2019-10-13T04:01:56","slug":"egypt-auctions-750-factories-to-sme-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/","title":{"rendered":"Egypt auctions 750 factories to SME investors"},"content":{"rendered":"<p>The government has auctioned off 750 factories in industrial areas to SME investors, Prime Minister Moustafa Madbouly <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=10102019&id=1e1ee02b-db71-4739-8bfd-b7f6bd597e30\">said at a presser on Thursday<\/a>. President Abdel Fattah El Sisi has ordered a total of 4.5k factories to be put up for auction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has auctioned off 750 factories in industrial areas to SME investors, Prime Minister Moustafa Madbouly said at a presser on Thursday. President Abdel Fattah El Sisi has ordered a total of 4.5k factories to be put up for auction.<\/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":[9315],"tags":[7097,72,131,2390,287],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593886","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-development","tag-enterpriseam","tag-manufacturing","tag-other-business-news-of-note","tag-smes","wpautop","entry"],"acf":{"mongo_id":"a7f77401-08e9-4f5c-8884-427c9583d0df","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[593849],"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 auctions 750 factories to SME investors - 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\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt auctions 750 factories to SME investors\" \/>\n<meta property=\"og:description\" content=\"The government has auctioned off 750 factories in industrial areas to SME investors, Prime Minister Moustafa Madbouly said at a presser on Thursday. President Abdel Fattah El Sisi has ordered a total of 4.5k factories to be put up for auction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-13T04:01:56+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\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt auctions 750 factories to SME investors\",\"datePublished\":\"2019-10-13T04:01:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\"},\"wordCount\":46,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"development\",\"EnterpriseAM\",\"Manufacturing\",\"Other Business News of Note\",\"SMEs\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\",\"name\":\"Egypt auctions 750 factories to SME investors - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2019-10-13T04:01:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt auctions 750 factories to SME investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt auctions 750 factories to SME investors - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/13\/egypt-auctions-750-factories-to-sme-investors\/","og_locale":"en_US","og_type":"article","og_title":"Egypt auctions 750 factories to SME investors","og_description":"The government has auctioned off 750 factories in industrial areas to SME investors, Prime Minister Moustafa Madbouly said at a presser on Thursday. 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The approval allows commercial banks to receive loan\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":572543,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/29\/egypt-obtains-egp-200-mn-sme-grant-from-saudi-arabia\/","url_meta":{"origin":593886,"position":1},"title":"Egypt obtains EGP 200 mn SME grant from Saudi Arabia","author":"enterpriseam admin","date":"29 June 2020","format":false,"excerpt":"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\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":594241,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/23\/investors-in-assiut-blame-ida-for-1000-suspended-factories\/","url_meta":{"origin":593886,"position":2},"title":"Investors in Assiut blame IDA for 1,000 suspended factories","author":"enterpriseam admin","date":"23 October 2019","format":false,"excerpt":"Investors in Assiut are blaming the Industrial Development Authority for stalling the process of granting industrial permits to 1k factories in Upper Egypt, Assiut Investors Association Chairman Ali Hamza said, according to Al Ahram. Hamza said the IDA has placed 200 factories on a waiting list for the permits, without\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568587,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/28\/investors-call-on-the-government-to-scrap-real-estate-tax-on-factories\/","url_meta":{"origin":593886,"position":3},"title":"Investors call on the government to scrap real estate tax on factories","author":"enterpriseam admin","date":"28 January 2020","format":false,"excerpt":"Investors call for an end to real estate tax on factories: The Investors Union has petitioned the government to abolish the real estate tax on the factories, less than a week after the cabinet decided to introduce new tax exemptions, the local press reports. Samir Aref, head of the Tenth\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\/2020\/1\/718.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591419,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/","url_meta":{"origin":593886,"position":4},"title":"Egypt launches EGP 100 bn program to boost local industry","author":"enterpriseam admin","date":"5 December 2019","format":false,"excerpt":"Factories with annual sales of less than EGP 1 bn can now borrow at subsidized rates: The government and the Central Bank of Egypt (CBE) have launched a EGP 100 bn initiative to boost domestic manufacturing by allowing medium-sized factories access to subsidized loans at a declining 10% interest rate,\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\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575904,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/03\/are-egypts-factories-getting-closer-to-a-temporary-real-estate-tax-break\/","url_meta":{"origin":593886,"position":5},"title":"Are Egypt\u2019s factories getting closer to a temporary real estate tax break?","author":"enterpriseam admin","date":"3 November 2020","format":false,"excerpt":"Are factories getting closer to a temporary real estate tax break? That\u2019s what Egyptian Federation of Investors Association Secretary Sobhi Nasr claims, telling Amwal Al Ghad that Finance Minister Mohamed Maait agreed to temporarily exempt factories from paying the property tax. 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