Banque Misr and IDG Partner to Finance Industrial Expansion for SMEs
Industrial Development Group (IDG), one of Egypt’s largest developers of industrial zones and pre-built factory complexes, has signed a cooperation protocol with Banque Misr to provide financing solutions aimed at supporting small, medium, and micro enterprises (SMEs) in the industrial sector.
The agreement was signed by Shady William, CEO of IDG, and Amr Demerdash, Head of SME and Microfinance at Banque Misr, in the presence of senior executives from both organizations.
The partnership seeks to unlock new opportunities for entrepreneurs and investors by facilitating access to financing for industrial SMEs, which are considered the backbone of Egypt’s economic growth. Under the protocol, IDG will provide fully serviced industrial land and ready-built factory units, while Banque Misr will explore financing options for machinery purchases and working capital requirements. The bank will also extend a range of financial and non-financial services to help investors expand their operations and achieve their strategic objectives.
The financing facilities will cover multiple industrial sectors within IDG’s complexes, with a particular focus on high-potential industries such as engineering, packaging, building materials, pharmaceuticals, and textiles—key pillars in strengthening Egypt’s manufacturing base and driving import substitution.
Commenting on the partnership, Shady William, CEO of IDG, said:
> “This collaboration is a strategic milestone in IDG’s journey to strengthen its role as a key driver of industrial growth. By combining integrated infrastructure with tailored financial solutions, we are empowering manufacturers and SME entrepreneurs within our industrial zones to expand production, enhance competitiveness, and accelerate sustainable growth.”
Amr Demerdash, Head of SME and Microfinance at Banque Misr, added:
> “Signing this protocol reflects Banque Misr’s commitment to financing and supporting projects of all sizes, offering financial and non-financial mechanisms that meet the diverse needs of businesses across economic activities. SMEs are the cornerstone of Egypt’s economic growth, and through initiatives like this, we aim to stimulate production, create jobs, and contribute to national development goals.”
Both IDG and Banque Misr affirmed that the partnership will foster a supportive ecosystem for industrial entrepreneurship, helping promising SMEs access the capital and infrastructure they need to thrive. The initiative is also expected to contribute positively to Egypt’s broader goals of boosting local manufacturing, reducing imports, and creating added value for the national economy.