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Dr. Hammad Abdullah criticizes Egyptian industry

Dr. Hammad Abdullah criticizes Egyptian industry

The article discusses the history of protecting Egyptian industry and its impact on the economy and society. It highlights how the government and industrial merchants promoted the idea of safeguarding national industry from foreign competition, which led to a decline in product quality and rising prices. These policies also resulted in the unfair accumulation of wealth, widespread corruption in the banking and financial sectors, as well as the illegal exploitation of land and property. Since the beginning of the new millennium, Egypt has started to correct these issues by opening up the market and promoting competition based on quality and price, while still facing risks associated with encouraging foreign investment and its effects on the environment and health.

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