FILE - Prime Minister Mostafa Madbouli
CAIRO -24 April 2020: Egypt's Prime Minister Mostafa Madbouly said Friday the coming phase provides an ideal opportunity to boost the Egyptian industrial sector and restore its vital role in the national economy.
Meeting with businessmen at the General Authority of Investments HQs, Madbouli added that the government is willing to provide all possible incentives for Egyptian manufacturers to support the industrial sector.
Some incentives recently announced by the government were previously considered, such as reducing the price of natural gas and electricity to factories and other initiatives to ease bureaucratic procedures, the premier said.
The state needs to compensate many imports that have stopped due to the current global circumstances, he added.
Madbouli urged a serious national initiative aiming to expand the production of industry inputs locally to meet the needs of many sectors.
He urged businessmen and investors to help the government apply its vision aiming to achieve a quantum leap in the industrial sector.
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