Cairo: “The Gulf” Lt. Gen. Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, and Ahmed Kjouk, Minister of Finance, announced on Sunday the launch of the first phase of the initiative to support industrial companies, by providing 30 billion pounds in financing facilities to the private sector, as well as An incentive package was launched regarding energy debts of industrial facilities, during the fourteenth meeting of the Ministerial Group for Industrial Development, which was held on Sunday. A joint statement by the Ministries of Industry and Finance explained that the State Treasury will bear the interest rate difference in financing this initiative, with the aim of increasing production capacity and enhancing economic growth, as it will benefit.