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Industry Chairman Cites Land and Process Ease
The Chairman of the Industry Committee in the House of Representatives, Engineer Ahmed Shalaby, emphasized that improving the investment environment, streamlining procedures, and providing industrial land quickly and efficiently are essential factors for increasing industrial production in Egypt. He explained that the industrial sector is subject to more than 30 laws but needs updates to align with the actual needs of the industry. There is a focus on translating policies into practical applications that make it easier for investors to complete their transactions swiftly and avoid navigating between different authorities. He also stressed the importance of enhancing the system for allocating industrial land and supporting small projects, especially those led by youth, to boost production capacities and create new job opportunities. Additionally, he highlighted the necessity for legislation to be aligned with rapid implementation in order to develop the national industry.
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