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Arab Fund to finance Egyptian SMEs with $30M

Arab Fund to finance Egyptian SMEs with $30M

ArabFinance: The Arab Fund for Social and Economic Development will sign an agreement with one of the Egyptian banks to finance SMEs with $30 million.

The fund's investment portfolio since 1974 has hit $5.2 billion in the sectors of electricity, energy, agriculture, water supply, wastewater, and transportation.

The current investments are worth $2 billion, and a portion of which has been directed to Decent Life initiative benefiting 58 million rural citizens.

The fund has also contributed to the financing of Bahr Al Baqar Wastewater Treatment Plant, the world's largest.  

The fund's focus now is investing in green economy as well as cooperating with the private sector.

 

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04 Oct 2021
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