20 March 2019 07:45 AM

Nasr announces launch of movable guarantees registry system

Sunday، 11 March 2018 - 03:26 PM

Investment and International Cooperation Minister Sahar Nasr announced on Sunday 11/3/2018 the official launch of the movable guarantees registry system.

This system facilitates the funding of small and medium sized enterprises (SMEs). It grants projects the chance to obtain financing by guaranteeing machinery and equipment, patents, and engineering designs, she said during a press conference.

She said this would contribute to promote Egypt's march towards financial inclusion in line with directives of President Abdel Fattah El Sisi.

She said this will also improve Egypt's ranking in the World Bank's Doing Business report.

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