ICEC

ITIDA: Innovative Financial Aids to Revive Market

Information Technology Industry Development Agency (ITIDA) cashed the financial aid as one shot for the companies benefiting from Export IT program. Unlike Export IT program first phase where companies used to receive the financial support in the form of three installments, companies of the program’s second phase receive their payments as one shot.

ITIDA’s CEO, Mr. Yasser El-Kady says that the total amount of financial aid reached about 29 million EGP, with an increase of 23% comparing to the program’s first phase budget of 21.5 million EGP.

This bid aims to revive the market and provide financial liquidity to help these companies maintain operations and put into force their future plans.

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