24 Hrs
Source:
الشورى
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Jammal on Factory Support Fund
MP Michel El-Gamal affirmed that the approval of the Council of Ministers to establish an investment fund for restructuring and financing struggling factories represents a serious step toward supporting Egypt’s industrial sector. The fund aims to restart distressed factories by providing funding and implementing administrative and financial restructuring, particularly in vital sectors such as food, engineering, textiles, and pharmaceuticals. Emphasis is placed on developing clear investment plans and follow-up mechanisms to ensure the sustainability of these factories and to achieve economic returns, with an important focus on coordination among relevant authorities and streamlining procedures. The ultimate goal is to increase production, reduce reliance on imports, and deliver direct benefits to the national economy.
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