24 Hrs
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المصري اليوم
Expert's Strategy for $100B Exports: Boost Local Production
Economic expert Nermin Tahoun confirmed that domestic industrialization and increasing local production are key to Egypt's goal of reaching $100 billion in exports. She pointed out that deepening domestic manufacturing reduces dependence on foreign imports, especially by producing components and raw materials within the country instead of exporting them initially and importing them after processing. She also emphasized the importance of providing a stable business environment and offering targeted tax and customs incentives for high-value sectors, which contribute to technology transfer and job creation. She explained that accelerating project implementation and providing ready industrial land contribute to attracting investments and boosting production, with a focus on clear criteria for evaluating investors to ensure support is directed toward high-yield projects. Furthermore, she highlighted that digital transformation, particularly through electronic services and artificial intelligence, enhances operational efficiency and reduces costs, balancing investment in industrial infrastructure with the development of the technological environment. She continued that achieving the target requires practical plans focused on increasing production capacity, improving the investment climate, and strengthening the industrial base, along with adopting sustainable development strategies that lead to increased exports and continuous economic growth.
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