Egypt’s Ministry of Finance, in collaboration with the Ministry of Industry and Investment, is studying proposals to increase funding for the industry, agriculture and tourism development initiative to $3 billion.
The initiative now provides concessional financing of approximately $2.5 billion, of which $2.1 billion is allocated for working capital financing, and the rest for the purchase of machinery, equipment or production lines.
Currently, the industrial sector accounts for 78% of the total funding used under the initiative, and the agricultural sector 22%.
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