Deputy Mohamed M. Abou El- Enein, Chairman of the Division’s Board of Directors met with the investors of general division to discuss ways to boost the investment cycles and encourage industry to attract more investors to Egypt.
The meeting tackled the great prosperity that the investment climate has witnessed in the past years, in terms of legislation, policies and procedures.
Abou El- Enein said, at the beginning of the meeting, that the investment boom resulted in doubling the investment, exports and imports, especially in sectors with high added value.
Abou El- Enein discussed the reforms needed in the current and upcoming period to localize industry, support agriculture, encourage the private sector, support small enterprises, facilitate trade, and reduce investment, production and export costs.
The deputy continued that such facilities would help in recovering from the repercussions of the Coronavirus crisis and the restrictions imposed lately.
He added that Egypt could benefit from the Coronavirus crisis to diversify global value chains, and obtain part of them.
He concluded that taking advantage of such circumstances could allow Egypt to localize the basic industries, and achieve self-sufficiency to face the challenges imposed by the fourth industrial revolution.
