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Trade minister chairs IMC board meeting
22 August 2021  -  Organization :  -  Sector/Entity :  -  Category : Industry News

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The meeting comes within the periodic follow-up of the IMC’s performance, being one of the ministry’s executive arms in implementing its industrial development strategy.

Cairo- Aug 22, 2021

Minister of Trade and Industry Nevine Gamea has chaired the board meeting of the Industrial Modernization Center (IMC) to discuss its action plan during the coming period, as wel asl its potential restructure.

“Modernizing local industry is a major axis of the ministry's strategy, with the aim of boosting the competitiveness of Egyptian products on domestic and foreign markets,” Gamea said, stressing the important role played by the IMC in this respect.

The meeting, she added, comes within the periodic follow-up of the IMC’s performance, being one of the ministry’s executive arms in implementing its industrial development strategy across the country.

Among the services provided by the IMC, the center participated in a number of projects, funded by international donors, including those within the local development program in Upper Egypt, such as the black honey cluster in Qena and the furniture complex in Sohag.

Moreover, the IMC coordinated with the European Development and Reconstruction Bank and the Export Development Bank in joint projects aimed at raising the competitive capabilities of exporters and opening new markets.

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