200 million LE in German loans for small projects in Egypt

The aid and loan program presented by the German government for small projects in Egypt will be implemented in March.

Abdullah Tayel, head of the economic committee in the Egyptian People's Assembly, who supervises the implementation of the program, asserted that the program allows loans for many fronts which are developing small projects.

A project for exploiting wind power in Zaferana and supporting the private industrial sector at a total cost of LE 200 million, Tayel said, shows this program allows many small projects owned by Egyptian youths to export their products to the German markets then to Europe without paying any customs fees to allow these products inside the European markets.