The Land Engineer, President of the Union of Small and Medium Enterprise Investors, said that a new industrial sector support initiative should be launched, based on the allocation of at least 50% of any subsidized interest loan to industrial enterprises, as the main driver of economic growth and increased domestic production.
This invitation followed a meeting of the Federation with a number of representatives of community action communities, where financing challenges facing productive enterprises were discussed and ways to enhance their role in supporting the national economy.
Productive energy expansion
The projection indicated that the current phase required direct intervention to enhance the capacity of factories, especially small and medium-sized ones, to expand and increase productive capacity, noting that the provision of production Financing A low-interest facilitator will contribute to reducing funding burdens and motivating investors to inject new investment into the sector.
Support for the industrial sector was not limited to financing, but must be integrated with other catalytic policies, including facilitation of procedures, provision of industrial land, improvement of the business environment in general, reflecting positively on operational rates and reduced dependence on imports.
Increased exports
This call comes under the direction of the State to deepen domestic industrialization and increase domestic industrialization. ExportsThe industrial sector is one of the most important pillars of the Egyptian economy.
The allocation of a specific proportion of subsidized loans to industry can strike a balance in the distribution of finance, ensure that liquidity is channelled to value-added productive sectors, supporting sustainable growth and enhancing the competitiveness of the Egyptian economy.
