Egypt is rolling out a new financing initiative aimed at breathing life into stalled factories across the country, in a bold move to boost industrial productivity and create jobs.
According to government officials, the plan is designed to provide affordable credit facilities, technical support, and policy incentives for factory owners whose operations have been hindered by financial constraints, outdated machinery, or disrupted supply chains.
The initiative forms part of Cairo’s wider industrial revitalization strategy, which targets increasing local production, reducing reliance on imports, and strengthening the nation’s export capacity. Authorities say special focus will be placed on sectors with high employment potential, such as textiles, food processing, and construction materials.
Economic analysts believe the financing scheme could unlock thousands of shuttered factories, helping Egypt address unemployment while supporting sustainable growth. By tackling the challenges facing small- and medium-sized manufacturers, the program is also expected to energize private-sector participation in the economy.
Officials are confident the move will not only spur industrial recovery but also reaffirm Egypt’s position as a regional hub for manufacturing and investment.
