By Mostafa Mashhour and Mohamed Emam
Giza Governor Adel El-Naggar and Chairman of the National Bank of Egypt (NBE) Mohamed El Etreby signed on Monday a co-operation protocol aimed at supporting investors and manufacturers in industrial zones by providing concessional loans to help regularise operations, upgrade infrastructure, and finance factory expansions.
The agreement comes as part of the state’s strategy to support the industrial sector as a key driver of economic development.
El-Naggar said the protocol reflects the governorate’s commitment to coordinating with national institutions to support industrial and investment projects, in order to create an attractive investment climate and achieve sustainable development.
He explained that the agreement offers flexible financing mechanisms tailored to the needs of workshop and factory owners, enabling them to meet obligations related to legal compliance and payments due to the governorate, while also supporting their investment and operational requirements to expand production activities.
The governor added that cooperation with NBE will extend to financial, technical, logistical, and capacity-building services in targeted industrial areas, helping businesses achieve industrial integration, market their products, and maximise economic returns.
The protocol also covers financing the establishment and development of integrated industrial zones, including infrastructure and facilities, with a focus on green buildings, reducing carbon emissions, and improving energy efficiency in line with Egypt’s green economy agenda.
El-Naggar said a joint facilitation committee will be formed to oversee implementation and address challenges through regular meetings.
For his part, El Etreby said the protocol reflects NBE’s national role in supporting industrial and investment development by offering integrated, accessible financing solutions that enable expansion, boost production, and create sustainable jobs.
