"Nation's Future Party" holds an extensive seminar entitled (The Future of Industry in the Shadow of the New Republic)

Publish Date 11/03/2023 10:30 PM
Last Update 12/03/2023 01:49 PM

The General Secretariat of the Nation's Future Party held an extensive seminar entitled (The Future of Industry in the Shadow of the New Republic) in the presence of Eng. Ahmed Samir, Minister of Industry.

This came in the presence of Eng. Ashraf Rashad al-Sharif, Secretary-General and First Vice-President of the Party, Representative. Ahmed Abdel-Gawad, Vice President of the Party, Secretary-General of Central Organization, General Yahya al-Essawi, Assistant Secretary-General of the Legislative Affairs Committee of the House of Representatives, Samir Sabri, Secretary of Industry of the Party, Deputy Mohamed Halawa, Chairman of the Senate Industry Committee.

Also present were Representative Muhammad al-Sallab, Undersecretary of the Industry Committee in the House of Representatives, Representative Tayseer Matar   Undersecretary of the Industry Committee in the Senate, Hossam Haiba, Chairman of the General Authority for Investment, Eng.Essam al Naggar the chairman of “GOEIC”.

Also present were Mohamed Abdel Karim, Chairman of the Public Authority for Industrial Development, Ahmed Ismail, Chairman of the Arab Bank, and a number of members of the House of Representatives and Senate, party leaders and industry trustees in the governorates.

The meeting was opened by Representative Muhammad Halawa, who pointed out the importance of meeting with the Minister for dialogue and listening to many questions and how to face challenges.

The minister said that Egypt went through many industrial crises through supply chains, and the Russian-Ukrainian war affected the whole world, and of course Egypt, being part of the world.

The minister indicated that since he assumed responsibility, he discovered that 56% of Egypt's imports consist of production requirements estimated at about 55 billion, which means that all production inputs come from abroad.

He continued, "We are currently working on more than one axis to consolidate the bases of a strong industrial sector that depends on deepening the industry and creating targeted industries that can withstand global shocks."

He stressed that energy prices are still cheaper than many countries and Egyptian labor is still better than many countries as well, noting that in the last 7 months many Turkish companies have entered the Egyptian market to work in the engineering industries.

He explained that the government will announce during the next week the largest program to support exports in its history, and our goal is to attract the investor with incentive packages and facilities so that he has confidence in the government and then contributes to the development of the sector.

For his part, Eng. Ashraf Rashad stressed that the industrial sector represents the only solution to get out of any current crisis or any challenge we are facing.

He expressed his appreciation for the theses and presentation of the Minister, which were more than wonderful and added to the audience more confidence that the next stage will witness development and support for the industry.

In turn, Dr.Samir Sabry said that the industrial sector is the main catalyst for all the economies of the world and the maker is different from any other investor.

He explained that today's meeting is the first meeting of the Secretariat of Industry and Commerce after its restructuring, with the aim of listening to the minister's plans and the state's strategy for the advancement of industry.

At the end of the meeting, the door for mutual discussions was opened between the deputies about incentive packages for investors and the obstacles facing the sector.

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