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Elders' industry debates MP Gendy's foreign investment proposal
The Industry, Trade, Small and Medium Enterprises Committee in the Senate is discussing a proposal by MP Hazem El-Gendy to motivate Egyptians abroad to invest in the industrial sector. The proposal includes offering incentives and facilitation for land allocation and licensing procedures, providing electronic promotion platforms, and leveraging Egyptians' remittances, which totaled $41.5 billion in 2025, with a portion directed toward industrial investment to boost economic growth and create job opportunities.
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