• Five investment banks committed to launch specialized funds to finance and expand Egypt’s industrial sector and production capacity.
• Initiative links financial market liquidity with industrial needs to boost exports, competitiveness, and job creation across priority sectors.
• The plan includes diverse fund structures and a financing database to speed up capital deployment and support qualified projects.

Investment Banks

Five investment banks, EFG Hermes, Beltone Holding, Cairo Capital, CI Capital and Al Ahly Pharos, committed to establishing specialized investment funds to support Egypt’s industrial sector.

This follows an expanded meeting held by Dr. Mohamed Farid Saleh, Minister of iInvestment and Foreign Trade. It was also attended by Dr Khaled Hashem, Minister of Industry. Additionally, it was attended by senior officials from four government entities, the Financial Regulatory Authority (FRA), the Egyptian Exchange (EGX), The Sovereign Fund of Egypt (TSFE), and The Industrial Development Authority (IDA). Furthermore, the meeting included representatives from the five investment banks.

 The meeting aimed to direct investment and financial tools, particularly investment funds, to support qualified industrial projects. This support includes enabling their expansion, increasing production, and contributing to enhancing industrial development, boosting exports, and generating jobs.

Industrial Sector

The aim of the initiative is to connect the available in the financial market with the actual needs of the industrial sector. It also aims to increase the volume of financing directed toward the productive sector. Furthermore, it aims to improve the competitiveness of Egyptian industry locally and internationally, and strengthen its contribution to GDP.

Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, explained that the proposed package includes various types of funds. This includes transferable securities funds, private equity investment funds, and equity- and debt-financing funds. Thus, aiming to provide flexible financing solutions tailored to the different needs of industrial enterprises, while allowing market evaluation to determine the success of the experience.

Additionally, the Ministry of iInvestment and Foreign Trade in cooperation with the Ministry of Industry, will work towards establishing a financing database. This database will facilitate investment banks in evaluating opportunities and deploying capital faster. Additionally, the database will link financial products to the country’s development needs, especially in priority industrial sectors.

The Sovereign Fund of Egypt will be a strategic partner for investment banks in launching industrial investment funds. This aims to strengthen the financial sector’s ability to directly channel financing toward promising industrial projects. It also aims to increase production capacity, and support sustainable economic growth in Egypt.