_1777352244987_250242181.png&w=64&q=75){kind=small}
_1777352142843_145525226.png&w=64&q=75){kind=small}
Moubarak: Egypt’s unemployment at lowest level due to major projects
The article highlights the important role played by the Suez Canal Economic Zone in enhancing the Egyptian economy through the establishment and expansion of numerous factories and the creation of new job opportunities. The Prime Minister mentioned the inauguration of nine factories with investments totaling up to $85 million, employing approximately 2,000 new workers. The number of factories in the zone has increased from about 30-35% four years ago to over 212 factories currently, with an expected completion of around 176 factories within the next year and a half to two years. He explained that these projects support the localization of domestic industry, increase the production of high-quality, cost-effective locally manufactured goods, and bolster Egypt’s exports to international markets, especially in sectors such as textiles, furniture, food industries, medical devices, and automobiles. On another note, he pointed out that Egypt’s unemployment rates have reached their lowest levels, thanks to these projects which have created millions of jobs. He also emphasized that the private sector will account for more than 70% of investments in the coming years, as efforts continue to enhance infrastructure and sustain economic growth.
Notice: This Is an AI-Generated Summary
Comments (0)