{"id":635857,"date":"2017-12-14T03:41:51","date_gmt":"2017-12-14T03:41:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/"},"modified":"2017-12-14T03:41:51","modified_gmt":"2017-12-14T03:41:51","slug":"factory-bailout-fund-to-start-work-next-week","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/","title":{"rendered":"Factory bailout fund to start work next week"},"content":{"rendered":"

The government\u2019s EGP 150 mn bailout fund will start financing the first phase of idle factories next week,Chairman of Tahya Misr Fund Mohamed Ashmawy said<\/a>. The phase will include 3-5 projects in the poultry and plastics segments. Tahya Misr had partnered up with Ayady, the National Investment Bank, and BPE Partners in March to co-establish the company Union Capital to run the bailout fund that should provide idle factories with financing packages<\/a>ranging from EGP 5-10 mn each.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government\u2019s EGP 150 mn bailout fund will start financing the first phase of idle factories next week,Chairman of Tahya Misr Fund Mohamed Ashmawy said. The phase will include 3-5 projects in the poultry and plastics segments. Tahya Misr had partnered up with Ayady, the National Investment Bank, and BPE Partners in March to co-establish […]<\/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":[7255],"tags":[72,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-635857","post","type-post","status-publish","format-standard","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"99010a33-4481-4ad7-bc58-c7f1d4c6f6d6","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[635822],"teaser":"","voice_url":""},"yoast_head":"\nFactory bailout fund to start work next week - 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\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Factory bailout fund to start work next week\" \/>\n<meta property=\"og:description\" content=\"The government\u2019s EGP 150 mn bailout fund will start financing the first phase of idle factories next week,Chairman of Tahya Misr Fund Mohamed Ashmawy said. The phase will include 3-5 projects in the poultry and plastics segments. Tahya Misr had partnered up with Ayady, the National Investment Bank, and BPE Partners in March to co-establish […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-14T03:41:51+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\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Factory bailout fund to start work next week\",\"datePublished\":\"2017-12-14T03:41:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\"},\"wordCount\":86,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Manufacturing\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\",\"name\":\"Factory bailout fund to start work next week - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-12-14T03:41:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Factory bailout fund to start work next week\"}]},{\"@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":"Factory bailout fund to start work next week - 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\/2017\/12\/14\/factory-bailout-fund-to-start-work-next-week\/","og_locale":"en_US","og_type":"article","og_title":"Factory bailout fund to start work next week","og_description":"The government\u2019s EGP 150 mn bailout fund will start financing the first phase of idle factories next week,Chairman of Tahya Misr Fund Mohamed Ashmawy said. 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State-owned Ayady, the Tahya Misr Fund, the National Investment Bank, and BPE\u2026","rel":"","context":"In "Manufacturing"","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":649493,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/01\/paperwork-forming-new-company-for-sme-factory-bailout-fund-finalized\/","url_meta":{"origin":635857,"position":1},"title":"Paperwork forming new company for SME factory bailout fund finalized","author":"enterpriseam admin","date":"1 March 2017","format":false,"excerpt":"State-owned Ayady, the Tahya Misr Fund, and the National Investment Bank and BPE Partners have finalized paperwork for establishing the EGP 150 mn Union Capital, which will manage a bailout fund for distressed SME factories, Al Shorouk says.","rel":"","context":"In "Manufacturing"","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":625139,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/fei-union-capital-sign-mou-on-idle-factories-bailout-fund\/","url_meta":{"origin":635857,"position":2},"title":"FEI, Union Capital sign MoU on idle factories bailout fund","author":"enterpriseam admin","date":"27 September 2018","format":false,"excerpt":"The Federation of Egyptian Industries (FEI) and Union Capital signed yesterday a memorandum of understanding on the latter\u2019s EGP 150 mn bailout fund for idle SME factories, according to MENA. The agreement will see Union Capital providing financing packages to idle factories registered with the FEI, Union Capital Managing Director\u2026","rel":"","context":"In "Manufacturing"","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":625949,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/27\/sahar-damaty-joins-union-capital-to-manage-idle-factory-bailout-fund\/","url_meta":{"origin":635857,"position":3},"title":"Sahar Damaty joins Union Capital to manage idle factory bailout fund","author":"enterpriseam admin","date":"27 August 2018","format":false,"excerpt":"MOVES- Former Banque Misr Deputy Chair Sahar Damaty was tapped to join Union Capital to manage its EGP 150 mn bailout fund for idle small- and mid-sized factories.","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":648192,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/30\/govt-launching-venture-capital-fund-to-restart-operations-at-idle-factories\/","url_meta":{"origin":635857,"position":4},"title":"Gov\u2019t launching venture capital fund to restart operations at idle factories","author":"enterpriseam admin","date":"30 May 2017","format":false,"excerpt":"The government launched a venture capital outfit that will be focused on providing funding to struggling factories to get them to return to operations, Trade and Industry Minister Tarek Kabil said, according to Al Masry Al Youm. The outfit will have a capital of EGP 150 mn and is funded\u2026","rel":"","context":"In "Manufacturing"","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":631684,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/25\/hany-tawfik-resigns-as-ceo-of-union-capital-misr-venture-capital\/","url_meta":{"origin":635857,"position":5},"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. 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