Egypt to Launch New Financing Initiative for Reviving Stalled Factories

Egypt will launch a new financing initiative to support and revive stalled factories by restructuring and reoperating them, as part of a broader effort to boost industrial development across the country.

The announcement was made by Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir during a high-level visit to Alexandria.

During the visit, El-Wazir held extensive meetings with Alexandria Governor Ahmed Khaled and local industrial investors to…