19 April 2024 12:44 AM

Egypt, WB discuss national strategy for industrial development

Thursday، 26 January 2023 - 01:34 PM

Minister of Trade and Industry Ahmed Samir said that his ministry aims at making the national strategy for developing the Egyptian industry sustainable, flexible and capable of dealing with the accelerating global changes in addition to drawing on the experiences of other countries while devising its plans to do so.


This came during Samir’s meeting with a group of representatives of the World Bank (WB) led by Country Director for Egypt, Yemen and Djibouti Marina Wes to discuss the general frameworks of the national strategy to develop the Egyptian industry.


The strategy aims at promoting the Egyptian industry and establishing a distinguished trademark in the mind of consumers across the world, he said.


The Ministry of Trade and Industry launched a number of sectoral policies to be used in charting the new strategy, he pointed out.


The meeting tackled the main axes of the strategy which include deepening local manufacturing, developing exports to the different foreign markets especially the African ones and increasing the contribution of the industrial sector to the Gross Domestic Product (GDP).


Meanwhile, Wes welcomed cooperation with the Egyptian government to draw up this important strategy, asserting the keenness of the WB to boost cooperation frameworks with Egypt.


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