Egypt is establishing a digital platform to streamline investment and accelerate industrial development, Deputy Prime Minister and Minister of Industry and Transport Kamel Al-Wazir announced Monday. The platform is part of a wider plan to revitalise the industrial sector, Al-Wazir said during the second meeting of the Ministerial Group for Industrial Development. This initiative is expected to enhance industry quality and increase exports to generate foreign currency. He announced the establishment of the Egypt Digital Industrial Platform and the preparation of an industrial map to facilitate investment, reduce procedures, and expedite processes, thus enhancing the investment climate and advancing the industrial sector. Rania Al-Mashat, Egypt’s Minister of Planning, Economic Development, and International Cooperation, emphasised that industrial development is a top state priority for achieving economic growth and increasing net exports.

Source: Daily News Egypt July 29, 2024 19:26 UTC