Sisi Directs Ironing Out Hurdles to Investors - WazirSource: www.export-egypt.com 8/11/2024, Location: Africa |
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Deputy Premier for Industrial Development and Minister of Industry and Transport Kamel el Wazir unveiled President Abdel Fattah El Sisi's directives to remove hurdles facing industrial investors in order to develop the Egyptian industry.
Wazir, in remarks during his weekly meetings with investors and industrialists, said the ministry aims to turn Egypt to a regional and international industrial hub through examining the problems facing stumbling factories and find non conventional solutions to operate them in order to protect workers' rights as well as investments. He made clear that the committee, comprising representatives of the General Authority for Industrial Development, ministries of health, petroleum, local development, environment and agriculture, Federation of Egyptian Industries, Food Safety Authority and Egyptian Drug Authority, is the only side authorized to inspect factories. Industrial facilities are closed by a decision of the deputy premier for industrial development and minister of industry and transport after referring the matter to the prime minister. Wazir's weekly meeting included representatives of 81 industrial facilities operating in the pharmaceutical, food, chemical and textile domains. He said the ministry is ready to provide all means of support to struggling factories and stand by serious industrial investors who succeeded in complying with the requirements approved by the authority. He said investors should apply for a plot of land to establish the factory through the industrial investment map, and that the ministry will apply deterrent penalties to stop the phenomenon of "pricing" of land in a way that gives preference to serious investor and achieves the state's goals of increasing industrial development rates and employment of workers. |
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