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The Vice President of the Senate confirmed that the upstream industries in Egypt are facing three main crises that threaten their future: a lack of funding, rising operating costs, and weak incentives for small and medium-sized enterprises. He explained that ongoing neglect of this sector increases dependency on imports and harms the national economy, emphasizing the need for the government to support these industries through accessible financing, tax incentives, and technological advancements. This is crucial because these industries represent an economic national security issue and contribute to reducing pressure on hard currency and strengthening domestic production.
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