Magdy Tolba, Chairman of the Readymade Garments Export Council of Egypt says the Central Bank of Egypt (CBE) is offering LE100 billion worth of soft loans with 5 per cent interest rate for the garment manufacturing sector. The measures announced to support companies and businesses to alleviate the crisis include real estate tax exemption for three months, paying the fees of tax statement reports over 3 installments until June 30, and removing holds on bank accounts of default investors if they pay 10 per cent of the debt.

Majority of 350-400 garment factories in Egypt are likely to be negatively affected by international brands decision to halt manufacturing worldwide. Tolba speculated that Egypt's garments exports would decline in 2020 compared to the previous year as they recorded $1.7 billion because manufacturing for international brands constitutes a large portion of the production.

Levi's, VF, Decathlon, United Colors of Benetton, and Inditex brands like Zara, Pull&Bear, Massimo Dutti, Bershka, and Stradivarius are among the top global clothing companies dealing with Egyptian factories.