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CAIRO – The National Bank of Egypt (NBE) has signed a financing agreement of an amount of 760 million Egyptian pounds for the Egyptian e-commerce technology company MTS To launch the project "window".
In a statement, the vice president of the National Bank said the project aimed to set up a new central electronic system with logistics centers distributed throughout the Republic via the company. MTS What is the product of a partnership between the Egyptian government and the private sector.
Yahya Aboul Fotouh said in a statement Thursday that NBE management is paying close attention to national projects, especially those with a direct impact on the business and investment environment in Egypt, including the financing contract for the project. "Window" project, which will have a clear positive impact on e-commerce. .
For its part, the head of the corporate banking credit group and syndicated loans to the National Bank of Egypt indicated that it was planned to use funding to cover a portion of the cost of business. Project investment estimated at more than one billion pounds sterling.
He specified that 19 central and logistic centers will be set up to handle both importers and exporters or their customs clearance and transport agents, through which these centers will issue customs paperwork, ensuring all parties do so through a one-stop-shop.
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