النهار أونلاين
Source: النهار أونلاين
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Six public banks launched a new financing program for public transportation professionals to help them purchase new buses. The loans cover up to 90% of the bus’s cost, with repayment periods of up to 10 years and the possibility of a six-month deferment. This initiative comes as part of a government decision aimed at renewing the transportation fleet, especially as the Head of State has ordered the import of 10,000 new buses, with the goal of improving transportation conditions and enhancing citizens' safety. Additionally, old buses are being retrieved and dismantled for component recycling. Professionals benefit from dual support options—both conventional and Islamic finance—along with the abolition of the VAT to reduce costs.
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