Deputy Keshar Highlights Investment Growth

Member of the Senate Industry Committee, MP Mohamed Mustafa Keshir, praised Prime Minister Mostafa Madbouly's tour of the Suez Canal Economic Zone and the inauguration of nine new industrial projects with investments approaching $85 million. He emphasized that these projects enhance the area's status as a global industrial and logistics hub and send a message of confidence to investors in the Egyptian economy. He also highlighted that the local component in industries has increased to 40% and even higher in some projects, supporting industrial localization and reducing imports. Additionally, he pointed out that the expansion of factories and projects reflects the state's strategy to create job opportunities, develop supporting industries, and build an industrial base capable of meeting the needs of the local market. The focus is also on supporting the private sector, linking investments to export objectives, and increasing the local content.

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