The strategy is set to be implemented in two stages, with the first stage focused on enhancing domestic manufacturing.
Egypt collaborates with World Bank to develop comprehensive strategy to boost industrial sector - Press Photo
Egyptian Minister of Trade and Industry, Engineer Ahmed Samir, has announced the development of a comprehensive strategy aimed at boosting the country's industrial sector in collaboration with the World Bank.
The strategy is set to be implemented in two stages, with the first stage focused on enhancing domestic manufacturing, while the second stage will concentrate on industrial sectors and their development.
According to the Minister, the strategy aims to optimally utilize the free trade agreements signed between Egypt and various countries around the world to increase exports and enhance the skills of the Egyptian workforce.
It also aims to maximize the benefits of the country's abundant mineral resources. The Minister added that the strategy will take into account the experiences of leading industrial nations.
Egypt's economy has been growing steadily in recent years, with the industrial sector being a key contributor to this growth. The government's efforts to attract foreign investments and promote domestic production have been successful in boosting the sector's performance.
With the new comprehensive strategy, the country aims to further enhance its industrial sector and attract more investments to create more job opportunities and increase exports.
