Egypt’s Cabinet has approved the expansion of its concessional financing initiative for priority industrial sectors, launching a second phase that broadens the range of eligible industries and activities, according to a joint statement by the Ministry of Finance and the Ministry of Industry. Under the revised framework, the maximum financing limit per client has been increased to EGP 100m, up from EGP 75m. The concessional interest rate borne by beneficiaries will fall below 15% annually as local value-added rises. The preferential rate will also apply to newly introduced industries not previously manufactured locally but characterised by high import volumes. The initiative covers sub-sectors within pharmaceuticals, engineering industries, food industries, textiles and ready-made garments, chemicals, mining, building materials and refractories, leather, and metal industries.

Source: Daily News Egypt February 28, 2026 15:47 UTC