Egypt supports export sector with LE 28B since beginning of "refund of arrears" initiative

Tue, 29 Jun 2021 - 02:54 GMT

The minister indicated in a statement Tuesday, that since the beginning of the implementation of the initiatives to return the “arrears” of the dues of the exporting companies in October 2019, so far, the exporting companies have been supported with LE 28 billion; It is a subsidy that has not previously been allocated to the export sector; reflecting the state's keenness to stimulate exports.