The National Bank of Egypt (NBE) in cooperation with investors associations in the industrial zones in Beni Suef, Assiut, and Minya held several meetings to support investment in Upper Egypt. The meetings were attended by senior officials of the associations and factories owners. This comes as part of the bank’s keenness to support and develop Upper Egypt in all economic activities, especially the industrial sector. They also discussed the proposals and opinions of factories owners and the challenges they face and limit their capabilities to expand. According to Hegazy, the size of the SMEs portfolio at the bank reached EGP 32bn granted to 53,000 projects.

Source: Daily News Egypt July 12, 2017 15:56 UTC