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Fakhry Abdel Nour on economic stability and industrial growth
Mounir Fakhry Abdel Nour, former Minister of Industry and Trade, emphasized that exchange rate stability, along with lowering inflation and interest rates, significantly contributes to supporting long-term industrial investment in Egypt. He pointed out that the new economic model should be led by the private sector, with a focus on industry, exports, and increasing productivity to achieve a balanced contribution of industry to the gross domestic product (GDP). He also underscored the importance of adjusting economic policies, reducing reliance on import protectionism, and enhancing competition and integration with global value chains. Additionally, he highlighted the necessity of coordinating different policies and developing technical education to empower the industrial sector in strengthening its role in Egypt's economic development.
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