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بوابة الفجر
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بوابة الفجر

2026-11-12T22:31:15.000Z

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بوابة الفجر

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Egypt Can't Import It All

Egypt Can't Import It All

Economic thinker Hadi Fahmy said Egypt does not have large reserves of natural resources, and that expanding imports to meet every consumer demand adds to the burden on the state and the budget. He called for prioritizing imports and curbing consumption, while boosting domestic production and industries and reducing reliance on imports. He noted that remittances from Egyptians abroad and Suez Canal revenues are among the country’s main sources of foreign currency, as Egypt has become an oil importer.

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