Industrial Development Group (IDG), one of Egypt’s leading developers of industrial parks, has signed a cooperation protocol with Banque Misr to support the industrial sector through the provision of financing facilities to micro, small, and medium-sized enterprises (MSMEs). This partnership seeks to empower businesses to grow and expand, acknowledging their role as a fundamental engine of Egypt’s economic progress.
The protocol was signed by Mr. Shady William, CEO of Industrial Development Group (IDG), and Mr. Amr Demerdash, SMEs Sector Head at Banque Misr, in the presence of senior representatives from both IDG and Banque Misr.
This collaboration underscores the shared commitment of both parties to unlock new opportunities for entrepreneurs and investors within the industrial SME ecosystem, enabling them to grow, scale, and contribute to sustainable economic development. As part of the agreement, IDG will provide fully serviced industrial land and prebuilt factories, while Banque Misr will evaluate the provision of tailored banking facilities to finance machinery, equipment, and working capital. The partnership is designed to streamline access to financing for industrial park investors, while delivering an integrated suite of financial and non-financial services to support business expansion and long-term strategic growth.
The financing facilities will extend across a wide range of industrial sectors operating within IDG’s parks, with a particular focus on high-potential industries such as engineering, packaging, building materials, pharmaceuticals, textiles, and other strategic sectors critical to enhancing local manufacturing and driving sustainable economic growth.
Mr. Shady William, CEO of Industrial Development Group, expressed his appreciation to Banque Misr for this fruitful cooperation, stating: “This partnership marks a strategic milestone in IDG’s mission to reinforce its position as a catalyst for industrial advancement. Through the provision of integrated services and customized financial solutions, we seek to address the distinct needs of manufacturers and entrepreneurs operating in the SME sector within our industrial parks. This collaboration will strengthen their competitiveness, drive their growth, and contribute to increased national production.”
Mr. Amr Demerdash, SMEs Sector Head at Banque Misr, stated: “Signing this protocol reflects Banque Misr’s commitment to supporting projects of all sizes by providing exceptional financing mechanisms that cater to both the financial and non-financial needs of businesses across various economic activities. The bank places high importance on fostering entrepreneurship and is dedicated to supporting national efforts to strengthen the SME sector as the backbone of Egypt’s economic growth. Through various initiatives and partnerships, we aim to expand financing in the SME space to help them grow, which in turn increases production, generates employment opportunities, and drives economic progress—positively impacting national economic indicators and growth rates.”
It is worth highlighting that Industrial Development Group (IDG) and Banque Misr are jointly working to cultivate an enabling environment for industrial entrepreneurship and expand growth opportunities for promising ventures. By offering comprehensive financing solutions, this partnership aims to bolster the competitiveness of this vital sector and generate positive economic impact. Furthermore, the collaboration aligns with the government’s broader efforts to develop the industrial base, boost local production, reduce reliance on imports, and ultimately deliver greater added value to Egypt’s economy.
