The Industrial Development Bank and Cairo Development and Investment Co SAE signed memorandum of understanding (MoU) to provide funds to purchase units in Rubaki city, in addition to purchase additional spaces for implemented micro, small, medium size, and large projects.
The Minister of Trade and Industry Amr Nassar said that this agreement comes within the framework of the ministry’s keenness to activate the role of specialised banks in financing commercial and industrial projects.
Nassar pointed out that the ministry is seeking during the current stage to increase the industrial production through the establishment of industrial zones in all governorates and the operation of factories at full capacity, especially, factories that manufacturer products not manufactured in the local market.
