Export Sector
According to a statement, the EEIGA will receive a paid-up capital of EGP 50 million and a total authorized capital of EGP 600 million
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.
Maait clarified that the last initiative was "immediate cash payment" with a 15 percent discount.
