The United Bank restarts 25 stalled factories for operation and production

24/09/2025

In a direct response to Egyptian Government and The Central Bank of Egypt Initiative: 
The United Bank restarts 25 stalled factories for operation and production
Tarek Fayed, Chief Executive Officer and Managing Director, The United Bank
•    Restarting stalled factories is a top priority to support the national economy.
•    Partnership between the State, the financial/banking sector, and the private sector is essential for sustainable growth with administrative and technological restructuring.
•    Reviving factories enhances investor confidence in Egypt's ability to keep pace with global changes.
Farag Abdel Hamid, Deputy Managing Director, The United Bank:
•    Restarting stalled factories means protecting thousands of jobs and stabilizing supply chains.
•    The United Bank provides financial, technical, and legal solutions to return factories to production.
•    The shift toward the Green Economy and energy efficiency is an essential part of the restart plan.
Cairo: September 24, 2025
In quick response to the initiative of the Egyptian Government and The Central Bank to support national industry and revitalize the national economy, The United Bank announced its success in restarting 25 stalled factories in the fields of industry, agricultural activities, production of fertilizers and fodder, as well as the glass industry, after they had been out of operation and production for years.
Tarek Fayed – Chief Executive Officer and Managing Director, The United Bank – indicated that addressing the issue of stalled factories represents a top priority for the national economy. He explained that the challenges facing these entities are not limited to a lack of funding but extend to include structural, administrative, and technological problems. 
He added that the financial and banking sector plays a pivotal role in providing innovative financial solutions alongside restructuring and governance programs to ensure these factories return to work with higher efficiency.
Fayed affirmed that factories revival reflects the strength of the partnership between the State, the financial/banking sector, and the private sector. He stressed that bringing these entities back into economic life means protecting thousands of job opportunities, enhancing the local market's competitive ability, and driving industrial development in line with current requirements.
He also noted that addressing industrial stagnation through digital pathways is a strategic step to put the Egyptian economy on a faster track for growth and integration into the international economy, especially after the application of standards for governance, environmental and developmental sustainability, and the shift toward the Green Economy.
Farag Abdel Hamid – Deputy Managing Director, The United Bank – explained that restarting stalled factories is not just about saving economic institutions from stopping, but primarily means protecting job opportunities, stabilizing supply chains, and enhancing the competitiveness of Egyptian industry locally, regionally, and globally.
He added that The United Bank adopted an integrated action plan to bring these factories back to production, which included four main tracks:
1-    Providing facilitated financing solutions and rescheduling debts to overcome production, marketing, and technical problems.
2-    Providing technical support to modernize production lines and increase efficiency.
3-    Settling legal and ownership disputes.
4-    Opening the door for new partnerships with local and foreign investors for restructuring.
These solutions have succeeded with many stalled factories, contributing to raising their operational and production efficiency, improving their financial and technical performance, and re-employing many workers, especially in labor-intensive factories.
Abdel Hamid stressed that investing in stalled factories is an investment in labor market stability and the national economy's competitiveness. He confirmed that this major national initiative restores hope to the ordinary citizen and places Egypt on the global investment map as a more competitive industrial player.
The United Bank's continuous success in managing and concluding this file reaffirms that saving stalled factories has become a necessity to support national industry, expand the base of Egyptian exports, and enhance Egypt's position as a regional industrial power, while linking industrial recovery with environmental responsibility and the green transformation to ensure better sustainability and higher global competitiveness.
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