IMC was established by Presidential Decree Number 477/2000 as an independent
body to implement and coordinate the modernization of the Egyptian industry under
the Industrial Modernisation Programme (IMP), jointly funded by the European Union
250 million Euros,the Government of Egypt 103 million Euros and the Egyptian private
sector 73 million Euros with a total budget of 426 million Euros.
Today IMC is part of the everlasting process of continuously bringing Egyptian industry
to international competitiveness with serious commitment from the Government of
Egypt to continue financial support for years to come.
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