Egyptian Lawmaker Inquires About Government Financing Plan for SMEs

Egyptian House of Representatives member Mohamed Abdel Hamid has addressed a parliamentary question to Prime Minister Mostafa Madbouly alongside the ministers of Finance, Industry, and Investment.

The inquiry focuses on the government's strategy for securing required funding for small and medium-sized industrial projects in the country.

Abdel Hamid pointed out that small industrial businesses face mounting obstacles, primarily driven by rising borrowing costs and complicated administrative procedures when attempting to obtain financing.