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Contractors Seek Funding Support and Back Payments
Major contractors in Egypt will launch a supported financial initiative aimed at providing low-interest credit facilities of up to 8%, to help them face rising financing costs and delayed receivables from clients. The initiative aims to fund working capital and the execution of existing projects, reducing the financial pressures that companies are experiencing due to higher interest rates and liquidity shortages. The initiative is rooted in the government's priority to support the contracting sector, which links more than 100 industries and participates in implementing major national and infrastructure projects, with the goal of preserving employment, ensuring the continuation of ongoing projects, and strengthening the sector's economic stability.
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