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Federation: Government Embraces Industry Deepening
Dr. Mohamed Anwar, a member of the Egyptian Federation of Industries, stated that the government is moving towards deepening industrialization by identifying priority materials and working to make them available locally instead of relying on imports. There is a focus on expanding industries such as textiles and weaving. The new policy aims to deepen the inputs for 28 current industries, along with establishing investment funds to support labor-intensive projects and sector expansion. Additionally, efforts are underway to improve infrastructure and streamline licensing procedures to strengthen local supply chains. It is expected that two investment funds will be launched in the coming months to support industrial expansion in Egypt.
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