EBRD Collaborates with Gamasa Investors to Strengthen SME Sector

The European Bank for Reconstruction and Development (EBRD) has held a meeting with investors from the Gamasa industrial zone in Egypt, as part of its efforts to promote industrial development and enhance the business environment. The Saturday meeting brought together senior figures from the industrial sector alongside representatives of local production institutions, with the aim of fostering meaningful cooperation with international development partners. Ahmed Ismail Sabra, Chairperson of the Gamasa Investors Association, described the meeting as a strategic step towards building a genuine development partnership to empower small and medium-sized enterprises (SMEs) operating in the industrial zone.

Key Takeaways:

• The EBRD has presented non-financial services to the Gamasa Investors Association, including advisory support, management training, governance improvement programs, financial planning, and institutional capacity building.
• Ahmed Ismail Sabra, Chairperson of the Gamasa Investors Association, highlighted that these services are key to enhancing operational performance across factories and industrial facilities in Gamasa.
• The association's board aims to stimulate growth and investment opportunities in Gamasa, particularly given the rising government focus on the area as one of the most promising industrial zones along Egypt's northern Delta coast.
• The EBRD remains one of the leading financial institutions supporting the SME sector across Southern and Eastern Mediterranean countries, with interventions designed to advance financial and economic inclusion while helping to create more resilient and competitive business environments.
• The Gamasa Investors Association plays a vital role in linking investors with local and international financial institutions, aiming to build a modern, productive economy through openness to global expertise and smart use of financial tools and institutional support.
• The meeting forms part of the Gamasa Investors Association's broader efforts to foster meaningful cooperation with international development partners.

Statistics:

• The EBRD has provided non-financial services to support small and medium-sized enterprises (SMEs) operating in the Southern and Eastern Mediterranean region.
• The Gamasa Investors Association aims to stimulate growth and investment opportunities in the Gamasa industrial zone, with a focus on the SME sector.
• The EBRD has a long-standing commitment to supporting the SME sector in the region, with interventions designed to advance financial and economic inclusion.

Sources:

• The European Bank for Reconstruction and Development (EBRD)
• Gamasa Investors Association
• Dailynewsegypt