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Gamea participates in fourth panel discussion at Egypt Can by Industry conference
6 February 2021  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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Localizing manufacturing and increasing industrial exports is a top priority for the Ministry of Trade and Industry, Gamea says.

Cairo- Feb 6, 2021

Minister of Trade and Industry Nevine Gamea has taken part in the fourth panel discussion at “Egypt Can by Industry”  conference to discuss the industrial funding strategy.

The panel included: Minister of Immigration and Egyptian Expatriates’ Affairs Nabila Makram, Minister of Finance Mohammad Maait, Minister of Public Business Sector Hisham Tawfiq, and Executive Director of the International Monetary Fund Mahmoud Mohieldin.

“Localizing manufacturing and increasing industrial exports is a top priority for the Ministry of Trade and Industry,” Gamea highlighted, pointing out that it has launched a national program to increase added value in local products, with the aim of replacing imports with equivalent local ones.

She added that the ministry is adopting an ambitious plan to develop industrial zones in various governorates across Egypt, in addition to establishing 13 new industrial complexes offering more than 4,000 ready-made units with complete facilities, in the governorates of: Alexandria, Red Sea, al-Gharbeya, Beni Suef, Minya, Sohag and Luxor, with special facilitations for SMEs.

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