Egyptian Industry Development

At the Egyptian Family Iftar and upon President El-Sisi’s instruction, this initiative was launched to support and localize national industries, relying more on local components and reducing imports.  This takes place by enhancing the role of the private sector in localizing many big, medium, small and micro sized industries in Egypt, while offering a number of incentives in the form of usufruct lands and tax exemption for a period of five years. This is in addition to providing the necessary support to legalize conditions for violators and providing the necessary technical and financial support for defaulters.
 
The initiative aims to localize the modern industry, reduce the import gap and generate jobs. Its objectives integrate with the Egyptian State’s national goals, its international commitments and efforts to achieve sustainable economic and social growth and provide clean energy solutions. The initiative also seeks to support the state’s efforts toward innovation in the industrial field, consumption and production in a responsible manner.