The Economic Conference continued its activities for the third consecutive day today, and the session of the “Road Map for the Development of the Industry Sector: Challenges and Methods of Stimulation of the Sector” witnessed many interventions
No nation can achieve sustainable development without advancing its industrial skills, according to Jamal Najm, Deputy Governor of the Central Bank, who also noted that the industrial sector signifies growth rates, employment, and job prospects.
One of the biggest issues, according to businessman Eng. Muhammad Al-Suwaidi, is the volatility that results from quick and unexpected decisions disrupting supply networks.
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Moataz Mohamed Mahmoud, Chairman of the Industry Committee in the House of Representatives, explained that the Egyptian government is making great efforts to make an infrastructure to modernize the industry in Egypt, and its mission is greatly that the industry is the locomotive of development in Egypt.
The state is attempting to expedite and close the gap with regard to production requirements, according to Prime Minister Dr. Mustafa Madbouly.
He continued, “With regard to the work of a deficient work between the various dues of the industrial men with taxes… I ask the Minister of Finance to study a quick mechanism that achieves this objective,” during the activities of the Economic Conference Egypt 2022’s “A Road Map for the Development of Industry: Challenges and Mechanisms of Stimulating the Sector” session.
President Abdel Fattah El-speech Sisi’s at the economic conference revealed the present and upcoming economic and social issues Egypt is experiencing, according to Mohamed Adel Hosni, a member of the Egyptian Businessmen Association and the Egyptian Industries Union.
The Prime Minister’s offer, made by Dr. Mustafa Madbouly, is based on the continuation of the bold reform process that Egypt has fought since 2016, according to “Hosni,” who also stated that holding the conference now and listening to the private sector represents a state of national dialogue that gives a positive impression and reassures investors and the private sector with the state’s standing behind all national businessmen.
The economic conference’s message should be emphasised because we are continuing to implement real, radical transformation—not analgesics—and because true reform comes at a cost. The key is to lessen the burden of this cost on the general public.
Because the need for social harmony, the advancement of the citizenship concept, the localization of industry, and the encouragement of investment in all its forms with the growth of the administrative infrastructure, there is no retreat from real reform.
a strategy for growing the industrial sector The third consecutive day activities for the economic conference today
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