The Saudi Grant Management Committee at the Saudi Fund for Development (SFD) has signed three agreements in Egypt to contribute to the financing of the small; medium; and micro-enterprises; worth 300 million Egyptian pounds.
The deals were at the end of its meetings in Cairo; which took place over three days at the Egyptian Ministry of International Cooperation during the period from Dec. 28-30; 2021.
The agreements included 100 million Egyptian pounds with the Industrial Development Bank; 100 million Egyptian pounds with the Banque du Caire; and 100 million Egyptian pounds markedly with the Enmaa Finance Company.
The signing ceremony was attended by the Head of the Saudi Grant Management Committee for Egypt Eng. Hassan Al-Attas; and Counselor Mohammed Al-Tamimi; deputizing for the Saudi Ambassador in Egypt; and also Saudi Commercial Attaché in Cairo; Zayed Al-Asmari.
The Egyptian Minister of International Cooperation; Dr. Rania Al-Mashat markedly praised in a statement Saturday; the distinguished Egyptian-Saudi strategic ties; which are also reflected in the provision of development funds for projects in various fields; especially through the Custodian of the Two Holy Mosques King Salman program.
The program aims at enhancing the country's efforts to develop the Sinai Peninsula; as well as the grant for small and medium enterprises development; adding that she is markedly looking forward to opening new horizons for partnership with the Kingdom in the framework of supporting Egypt's national development agenda.
