initiative
The National Initiative for Industrial Development "Ebda" which translates to [Start], received more than 1000 diverse requests during the first year of the initiative's launch, including inquiries about the National Initiative "Ebda" and what it offers, and requests for support from owners of struggling factories.
The National Initiative for the Development of Egyptian Industry "Ebdaa" [which translates to start] was launched during the First International Industry Forum and Exhibition on October 29, 2022, to work primarily to support and localize national industries.
At the forefront of these efforts come the initiatives targeting the improvement of Egyptians' health.
The population file is one of the important files that receives great attention, starting with the challenges and how to exploit human capital in the construction and development process of Egypt’s 2030 vision.
The New Sohag is one of the third generation cities, and hosts ongoing investments amounted to about 102 billion pounds, starting from mid-2014 until December 2022, where 181 villages were developed.
For his part, President of the United Nations General Assembly, Mr. Csaba Kőrösi, appreciated the MWL and Mohammed Al-Issa for their valuable and remarkable efforts, saying: “A common factor among all religious organizations and associations is their wonderful ability to positively influence different social circles. There is a dire need for these organizations and associations in many areas of the world that are suffering."
The initiative covers, in its second phase, 52 centers comprising 1,600 villages with a population of approximately 21 million.
The Egyptian government has attracted $385 million from expatriates as part of an initiative allowing them to import cars for personal use free of customs duties and taxes in exchange for a deposit in foreign currency.
The total value of the Finance Ministry's initiative, approved by the cabinet in January, is LE 150 billion, the largest share of which (LE 140 billion) will be used to finance capital money, and the other LE 10 billion is dedicated to financing the purchase of capital goods.
According to a statement issued, Wednesday, the initiative aims to reduce the interest rate on loans provided to the industrial and agricultural sectors, within the framework of continuous support for these sectors and their activities.
Egypt will adopt a five-year initiative worth LE 150 billion to support the agricultural and industrial production sectors, especially by reducing their loans’ interests, in the face of the repercussions of the global crises, the Cabinet has announced.
Proactive measures have also been taken, further alleviating the negative impact of Covid-19, which broke out in 2020.
The initiative was launched in September 2019.
The application reinforces the “Speak Arabic” initiative that was launched in October 2020, with the aim of linking Egyptians abroad to their motherland.
It indicated that this comes in light of the continuous follow-up of the performance of these initiatives and with the aim of continuing to support the tourism sector and its workers in light of the continuing effects of the coronavirus crisis.
The second phase of the Haya Karima initiative will target 4,670 villages in the coming two years.
In 2019 Nestlé launched the trial phase of its initiative DORNA, which aims to incentivize waste collectors for boosting their collection of plastic waste.
The initiative was launched in February 2020, with the objective of fostering young talents and inspire university students of different related majors to conduct FinTech Projects and innovative solutions.
“Cars are required to be assembled in Egypt, with a local component ratio of no less than 45 percent,” the minister pointed.
Maait clarified that the last initiative was "immediate cash payment" with a 15 percent discount.
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