{"id":629939,"date":"2018-04-04T04:10:53","date_gmt":"2018-04-04T04:10:53","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/"},"modified":"2018-04-04T04:10:53","modified_gmt":"2018-04-04T04:10:53","slug":"first-idle-factory-to-receive-egp-10-mn-in-funding-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/","title":{"rendered":"First idle factory to receive EGP 10 mn in funding soon"},"content":{"rendered":"

Misr Capital Ventures is preparing to begin funding the first idle factory<\/a> on its list, board member and former CEO Hany Tawfik said yesterday, Youm7 reports<\/a>. The company will provide the factory with EGP 10 mn in financing necessary for it to restart operations once due diligence is complete, Tawfik added, without providing a timeframe.<\/p>\n","protected":false},"excerpt":{"rendered":"

Misr Capital Ventures is preparing to begin funding the first idle factory on its list, board member and former CEO Hany Tawfik said yesterday, Youm7 reports. The company will provide the factory with EGP 10 mn in financing necessary for it to restart operations once due diligence is complete, Tawfik added, without providing a timeframe.<\/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":[72,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629939","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-enterpriseam","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"71be0a5f-65bf-4662-b80c-8370c9fc6151","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"First idle factory to receive EGP 10 mn in funding soon","related_issue":[629899],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.b15c8e3e-5308-49fc-8c4a-c0cfe60425ac.mp3"},"yoast_head":"\nFirst idle factory to receive EGP 10 mn in funding soon - 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\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First idle factory to receive EGP 10 mn in funding soon\" \/>\n<meta property=\"og:description\" content=\"Misr Capital Ventures is preparing to begin funding the first idle factory on its list, board member and former CEO Hany Tawfik said yesterday, Youm7 reports. The company will provide the factory with EGP 10 mn in financing necessary for it to restart operations once due diligence is complete, Tawfik added, without providing a timeframe.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-04T04:10:53+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\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"First idle factory to receive EGP 10 mn in funding soon\",\"datePublished\":\"2018-04-04T04:10:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\"},\"wordCount\":64,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Other Business News of Note\"],\"articleSection\":[\"Other Business News of Note\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\",\"name\":\"First idle factory to receive EGP 10 mn in funding soon - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-04-04T04:10:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"First idle factory to receive EGP 10 mn in funding soon\"}]},{\"@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":"First idle factory to receive EGP 10 mn in funding soon - 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\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/","og_locale":"en_US","og_type":"article","og_title":"First idle factory to receive EGP 10 mn in funding soon","og_description":"Misr Capital Ventures is preparing to begin funding the first idle factory on its list, board member and former CEO Hany Tawfik said yesterday, Youm7 reports. The company will provide the factory with EGP 10 mn in financing necessary for it to restart operations once due diligence is complete, Tawfik added, without providing a timeframe.","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-04-04T04:10:53+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"First idle factory to receive EGP 10 mn in funding soon","datePublished":"2018-04-04T04:10:53+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/"},"wordCount":64,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","Other Business News of Note"],"articleSection":["Other Business News of Note"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/","name":"First idle factory to receive EGP 10 mn in funding soon - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-04-04T04:10:53+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/04\/first-idle-factory-to-receive-egp-10-mn-in-funding-soon\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"First idle factory to receive EGP 10 mn in funding soon"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":553537,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/currently-loading-the-worlds-largest-spinning-and-weaving-factory\/","url_meta":{"origin":629939,"position":0},"title":"Currently loading: The world\u2019s largest spinning and weaving factory","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"Egypt plans to debut \u201cthe world\u2019s largest spinning and weaving factory\u201d in Mahalla Al Kobra next year, with trial operations set to begin next April, Public Enterprises Minister Hisham Tawfik said. Several spinning and weaving factories are set to start production before the end of 2022, according to the minister,\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561341,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/04\/also-on-our-radar-on-4-april-2021\/","url_meta":{"origin":629939,"position":1},"title":"Also on our Radar on 4 April 2021","author":"enterpriseam admin","date":"4 April 2021","format":false,"excerpt":"Speed Medical\u2019s (SPMD) board of directors signed off on acquiring Prime Speed Medical Services in a EGP 1.8 bn transaction, after the SPMD board of directors approved fair values of both companies, according to an EGX statement (pdf). The acquisition will be financed through a capital increase, provided it gets\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631684,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/hany-tawfik-resigns-as-ceo-of-union-capital-misr-venture-capital\/","url_meta":{"origin":629939,"position":2},"title":"Hany Tawfik resigns as CEO of Union Capital, Misr Venture Capital","author":"enterpriseam admin","date":"25 March 2018","format":false,"excerpt":"Hany Tawfik has stepped down as CEO of Union Capital and Misr Venture Capital \u2014 the EGP 150 mn bailout fund for idle small- and mid-sized factories \u2014 but will retain his position as a board member in both, he tells Al Borsa. Tawfik submitted his resignation after completing the\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646618,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/19\/union-capital-files-paperwork-to-establish-venture-capital-fund\/","url_meta":{"origin":629939,"position":3},"title":"Union Capital files paperwork to establish venture capital fund","author":"enterpriseam admin","date":"19 June 2017","format":false,"excerpt":"Union Capital filed paperwork to establish the venture capital fund to restart operations at idle factories to the Egyptian Financial Supervisory Authority (EFSA), Union Capital chairman Hani Tawfik tells Al Borsa. Tawfik said he expects the company to be established after Eid holidays. The outfit will have a capital of\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":573340,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/29\/the-next-step-in-our-journey-to-an-ev-future-will-cost-about-egp-500-mn\/","url_meta":{"origin":629939,"position":4},"title":"The next step in our journey to an EV future will cost about EGP 500 mn","author":"enterpriseam admin","date":"29 July 2020","format":false,"excerpt":"INVESTMENT WATCH- The next step in our journey to an EV future will cost about EGP 500 mn: The plant that will eventually assemble 25k electric vehicles a year in partnership with China\u2019s Dongfeng Motor Corporation will cost EGP 500 mn to get off the ground, Public Enterprises Minister Hisham\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\/2020\/7\/240.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593056,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/17\/hong-kongs-handa-to-invest-usd-100-mn-in-egypt-jute-textiles-factory\/","url_meta":{"origin":629939,"position":5},"title":"Hong Kong\u2019s Handa to invest USD 100 mn in Egypt jute textiles factory","author":"enterpriseam admin","date":"17 November 2019","format":false,"excerpt":"INVESTMENT WATCH- Hong Kong-based textiles manufacturer Handa Enterprise in planning to invest USD 100 mn in an idle jute products factory it leased from the Cotton and Textiles Holding Company, Handa\u2019s president said, according to Al Mal. The company will spend USD 10 mn in an initial first phase to\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\/629939","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=629939"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629939\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629899"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629939"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629939"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}