24 Hrs
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اليوم السابع
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Deputy El-Gendy Emphasizes Industry Localization Role
The article focused on the importance of localizing industry as a key part of Egypt's comprehensive economic development strategy. MP Hazem El-Gendy emphasized that strengthening domestic production is essential to facing global economic challenges, as it helps reduce import bills, decrease reliance on foreign goods, support the stability of the Egyptian pound, and create new job opportunities. He also pointed out that the Egyptian government has developed industrial zones, improved infrastructure, and provided incentives for investors. Additionally, he explained that localizing supporting and intermediate industries enhances the resilience of local supply chains, protecting the economy from global fluctuations, and leads to increased investments and bolstered Egyptian exports in international markets.
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