Banque Misr concluded a memorandum of
understanding with East Port Said Industrial Zone on Monday, 24th
February 2020, which was signed by and between Mr. Akef El-Maghraby – Deputy
Chairman of the Board of Banque Misr and Mr. Ahmed Al-Mufti – Executive
Director of East Port Said Development (East Port Said Industrial Zone), within
the context of developing and incentivizing investment in industry and
assisting investors, by providing all banking products that fulfil their needs.
The event was attended by Mr. Shehab Zidan, Head of Banque Misr’s Banking
Products Sector for Companies and Financial Institutions and a number of
high-ranking executives representing both parties.
The signing of the memorandum comes within the
framework of Banque Misr’s keenness on providing financing to investors and to
facilitate procedures so as to expedite the completion of projects. This is
while offering special programs and incentives to investors of East Port Said
Industrial Zone, which is a region that is anticipated to witness significant
expansion in the near future; especially in lieu of the investment benefits and
incentives offered. The Zone includes several areas for various
investment-attracting industries, as it is intended to generate some four
hundred thousand job opportunities and to house around one thousand two hundred
As one of the pillars of the national economy,
Banque Misr is committed to providing all banking products and services to
companies – whether they be international trade operations, monetary solutions
or financing small and medium projects and large companies. This is owing to
the role it plays in developing the national economy, ensuring social stability
and increasing the national product by relying on the domestic product as an
alternative to the imported one, as well as generating job opportunities.
Banque Misr has always enthusiastically
partaken in initiatives and protocols that aim to provide services to
accommodate the needs of customers, since customer satisfaction is a constant
focus of the Bank’s activities and customers are considered partners in success
at all levels by the institution.