Giza Governor and National Bank of Egypt Sign Protocol to Boost Industrial Investment
Giza Governor Adel El-Naggar and Mohamed El-Etreby, Chairman of the National Bank of Egypt (NBE), signed a cooperation protocol aimed at supporting investors and manufacturers in the industrial zones of Arab Abu Saad in Al-Saf and Garza in Al-Ayyat. The initiative will provide facilitated loans for formalizing operations, developing infrastructure, and implementing factory expansions, aligning with the Egyptian government’s strategy to strengthen the industrial sector as a key driver of economic growth.
Governor El-Naggar highlighted that the protocol ensures flexible financing solutions tailored to the needs of workshops and factories, enabling them to comply with regulatory requirements, meet financial obligations, and expand production capacities. The agreement also covers technical, logistical, and advisory support, helping industrial projects integrate their operations and market their products effectively.
The protocol includes provisions for developing integrated industrial zones, with attention to green buildings, carbon emission reduction, and energy efficiency, in line with Egypt’s transition toward a sustainable, green economy. A joint facilitation committee will oversee the implementation, meeting monthly or as needed to monitor progress and ensure targets are met.
Mohamed El-Etreby emphasized the National Bank of Egypt’s role in providing comprehensive financing solutions to empower industrial growth, increase production, and create sustainable employment opportunities, reflecting the bank’s commitment to national development.
The signing ceremony was attended by senior officials from Giza Governorate and NBE, including representatives from industrial financing, small and medium enterprises, and sustainable finance divisions.