Ahmed Samir, Minister of Trade and Industry, said during the plenary session of the Senate on Sunday that President Abdel Fattah El-Sisi, President of the Republic, directed a package of investment incentives to support the industrial sector and the national product specifically, in addition to the directives from the political leadership, initiatives, and incentives stipulated in Other legislation, whether the law on medium, small and micro enterprises, in addition to the economic zone and the facilities, facilitations and incentives therein, stressing work according to a strategy so that the crisis does not recur if the same current global conditions that are reflected in the economies of countries are repeated.
Regarding the car manufacturing strategy, Samir added that the experiences of some countries, which some members indicated preceded the Egyptian state, these countries started manufacturing one car and then demand for this car was created, and this strengthened the feed industry and from here was the beginning, and this is not This means reducing the efforts made by countries, but Egypt’s strategy aims to launch a giant project for the automobile industry in cooperation with 3 international companies, and this is a vision that the state seeks to achieve on the ground.”
