In a landmark move to deepen Egypt–Italy economic ties and strengthen strategic cooperation between their industrial and financial sectors, Cairo recently hosted the signing of a €100 million industrial-project financing partnership (Phase I during 2025). The ceremony was attended by Italy’s Minister of Foreign Affairs and the Italian Ambassador to Egypt.

Partnership Overview
  The agreement brings together Italy’s leading industrial-finance specialist, Imagro, and the Italian agency SACE, with Egypt’s own Hilten Capital. It was signed by Imagro’s Chairman, Eng. Massimo Giulio, and Hilten Capital’s Managing Director, Yahya Ashour, in the presence of senior officials and diplomats.

Key Features of the Financing Program

• Local-Content Priority
  Factories that source primarily from Egyptian raw materials will be supported, with priority given to projects importing 30 – 40 % of their production components from Italy or elsewhere in Europe.

• Streamlined Procedures
  To eliminate complex documentary‐credit requirements, equipment is purchased directly from foreign suppliers and re-sold to factories—no letters of credit needed.

• Competitive Rates
  Flexible financing at 7.5 – 8.5 % APR, below traditional bank‐loan rates, accelerates project implementation.

Initial Roll-Out
Imagro has already executed two flagship agreements totaling €15 million:

• €3 million for Sudanco, to expand its new “Al-Gharas” orange-juice concentrate plant using local inputs.

• €10 million for a publicly listed ready-made garments manufacturer.

Next Steps
Over the coming three months, the program aims to deploy an additional €50 million, reaching €100 million by the end of 2025. Coordination with governmental bodies will place the initiative under official patronage, underscoring its vital role in boosting Egypt’s industrial base and foreign-currency reserves.

Eligibility & Selection
Each company may access €1 – 20 million, depending on its project scale and readiness. A rigorous selection mechanism ensures funding is channeled to industrial ventures capable of delivering measurable economic impact.