Government Prepares to Launch Initiative to Localize Industries  in Egypt

The Egyptian  government is preparing to launch an  initiative to support and localize industries to rely on the local product and reduce imports,

The government also plans to enhance the role of the private sector in the localization of many large, medium, small and micro industries, and the proposed incentives in this regard.

Senior officials of the government are expected to hold a press conference next week to implement the presidential mandates regarding the announcement of the Egyptian state’s plan to deal with the global economic crisis, which includes implementing urgent measures to improve the investment climate and attract foreign direct investments in the fields of infrastructure, energy, health, education, and digital transformation.