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Federation of Industries: Value Certificate Boosts Egypt's Govt Procurement
A member of the Egyptian Federation of Industries, Dr. Mohamed Anwar, announced the reactivation of the law favoring the Egyptian product to promote local industry and increase competitiveness in both the public and private markets. Law No. 5, issued in 2015, grants priority to Egyptian products in tenders and government purchases, aiming to overcome previous obstacles such as poor coordination, the definition of the Egyptian product, and the percentage of local inputs. A "Value Certificate" will be issued to enhance the chances of Egyptian products entering tenders, thereby strengthening their presence in the market and increasing local manufacturing volume. Additionally, the system of preference will be developed to achieve the state's objectives of deepening manufacturing and increasing added value.
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