14 Hrs
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بوابة الشروق
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Prime Minister on Economic Strategy
The article focused on the Egyptian government's efforts to develop and strengthen the industrial sector in the Suez Canal area. Prime Minister Mostafa Madbouly inaugurated nine new industrial projects with investments totaling up to $85 million, creating 2,000 new job opportunities for Egyptian youth. He pointed out that the region now hosts 212 factories, compared to 30-35% four years ago, with approximately 140 new factories established and operational, alongside future expansions that will bring the total to around 400 factories. He also emphasized that the economic path relies on building a skilled workforce and localizing industries, with a focus on various sectors such as textiles, furniture, food industries, lighting, medical specialties, as well as the rehabilitation of ambulances and the mining industry. He clarified that these projects contribute to reducing dependence on imports, achieving high local added value, boosting exports, and creating job opportunities, all of which support economic growth and foster strong industrial sustainability.
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