Cairo – Mubasher: Alex Bank signed with Egypt-based Industrial Development Authority (IDA) a collaboration protocol to finance industrial units related to the small and medium-sized enterprises (SMEs).
IDA will provide the lands to establish complete industrial complexes which are allocated for the SMEs, ease procedures for buildings, and licences, Middle East News Agency on Saturday, citing Alex Bank as saying.
The bank will finance the industrial units.
Cooperation with IDA is part of the bank’s strategy to support and develop the SMEs and to develop the Egyptian industry, said Dante Campioni, Alex Bank's managing director and CEO.
