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صدى البلد
Parliamentary Q on small project challenges
Small and medium industrial projects in Egypt face significant challenges in obtaining financing due to high borrowing costs and complex loan procedures, which threaten their sustainability and reduce their competitiveness. The parliament member called on the government to reveal its plan to reduce financing costs, launch affordable financing initiatives, simplify banking procedures, and strengthen the role of the Industrial Development Authority in effectively funding expansion. He also urged the establishment of joint industrial financing funds and to link financing to production and export rates, with incentives for factories that achieve added value, emphasizing that providing affordable financing is a national necessity to promote economic growth and sustainable industrial development in Egypt.
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