The agreement was signed between Italy’s Imagro, a specialist in industrial financing solutions, and the Italian agency SACE, on one side, and Egypt’s Hilten Capital on the other, with the aim of providing direct funding to existing factories seeking to expand their production capacity and export activities.

    It was formally executed by Eng. Massimo Giulio, Chairman of Imagro, and Yehia Ashour, Managing Director of Hilten Capital, in the presence of senior government officials and diplomatic representatives.

   Yehia Ashour emphasized that the new financing program is designed to bolster Egypt’s national industry by prioritizing facilities that rely on local raw materials and plan to increase their exports. Projects incorporating 30 – 40 % Italian or broader European components will receive preferential consideration.

   The program offers flexible, rapid financing at a competitive annual rate of 7.5 – 8.5 %, significantly below conventional bank loan rates. It also removes the complexity of documentary credits by purchasing equipment directly from foreign suppliers and selling it to factories—eliminating the need for letters of credit.

   Imagro has already signed the first two agreements under this initiative, totaling €15 million: €3 million for Sudanco, to support its new “Al-Gharas” orange-concentrate facility using local inputs, and €10 million for a publicly listed ready-made garments manufacturer.

   Looking ahead, Ashour noted that the program aims to deploy an additional €50 million over the next three months—reaching €100 million by the end of 2025—in coordination with relevant government bodies to place the initiative under official patronage, thereby reinforcing its role in strengthening Egypt’s economy and foreign-currency reserves.

   Each company may access between €1 million and €20 million, depending on project scope and readiness. A rigorous selection mechanism ensures that funding is directed to industrial ventures capable of delivering tangible economic impact.