Industry Min.: Egypt Works to Manufacture Imported Goods Locally

The Minister of Industry and Trade Nevin Gamea said on Saturday that Egypt had stopped importing locally-manufactured products, while maintaining a limited cost during the pandemic, providing certain means of technology as it's one of the elements that attract investors to the country, as well as skilled labor.

She added that it is not logical that the cost of manufacturing a product in Egypt be greater than the cost of importing it from abroad.

Gamea explained, during a phone conversation with the TV Anchor Azza Mustafa on "Salet El-Tahrir" program, Sada el-Balad Channel, that the state, under the directives of President Abdel Fattah El-Sisi, supports the implementation of industrial complexes in all sectors, especially ones that help replace imported good.

She stressed that these complexes do not work randomly but, rather specific actions are identified for each of the complexes, including online retail services.

Gamea pointed out that the prices of gas and electricity for factories were reduced in March, and there is a great effort made by the ministers of electricity and that of the petroleum to reach the lowest price of energy for the factories.

Egypt offers rent supplements, and energy subsidies to SMEs

The minister added that there is a current database for owners of Small and Medium Sized Enterprises (SMEs) in Egypt, adding that the state offers rent supplements, and energy subsidies.

She concluded that the project of converting cars from gasoline to gas is aimed at serving citizens.