2 Hrs
Source:
الشورى
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Egypt Eyes Industry Hub
Investment expert Nadim Samneh said Egypt is implementing an industrial strategy to establish itself as a regional hub serving markets in Europe, Africa, and the Middle East by attracting investment and boosting domestic production. The plan covers five industrial groups, increasing the value added to local resources, linking incentives for carmakers to their purchases from small and medium-sized businesses, and identifying suitable activities for around 4,600 Egyptian villages. It also includes restarting struggling factories, training workers and introducing robotics, preparing factories to meet European sustainability requirements, and forming partnerships to develop the shipbuilding, pharmaceutical, and semiconductor industries.
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