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Mawlidy: Focus on skilled workforce and local industry
Prime Minister Mostafa Madbouly's statements focused on the development of the Suez Canal Economic Zone. He highlighted that there are currently 212 operating factories within the zone, employing tens of thousands of Egyptian workers. Nine new factories have recently opened with investments totaling $85 million, creating approximately 2,000 job opportunities for Egyptian youth. He clarified that the current economic path emphasizes building a skilled workforce, deepening and localizing domestic industries, expanding existing factories, and increasing the proportion of local products—reaching up to 95% in some factories. He also pointed out that the zone is experiencing a qualitative leap in sectors such as dental surgery chair manufacturing, food industries, furniture, fertilizers, mining, and medical industries. Additionally, efforts are underway to strengthen infrastructure and develop industrial areas, with the goal of attracting more investments, creating more jobs, and fostering national economic growth.
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