The meeting has discussed a number of topical industry-related
Cairo- June 7, 2022
Minister of Trade and Industry
Nevine Gamea has held a meeting with the Federation of Egyptian Industries
(FEI)’s board, led by Mohammed el-Sewedy, and heads of the industry chambers,
with the participation of senior ministry officials.
“Strengthening the partnership between
the government and the private sector is a basic pillar in achieving inclusive
and sustainable development plan targets, as well as $100 billion in exports,” Gamea
The minister pointed out that the political
leadership fully supports industrialists, with the aim of expanding the country’s
manufacturing base especially with regards to large and medium industries.
The ministry, she added, is
drafting a new series of measures for the services provided by the Industrial Development
Authority, including: granting usufruct rights over industrial lands offered at
reduced prices -only utility costs- and streamlining industrial licensing
procedure, cutting the time limit for obtaining a license to 20 days.
The meeting also reviewed the
marketing status of the established industrial parks across Egypt and the
incentives provided to investors.
Furthermore, Gamea demanded the FEI
to lay out a vision for the private sector’s participation in the 27 industrial
projects to be set up over three phases within the tripartite industrial partnership
recently signed between Egypt, UAE and Jordan.