CAIRO - 2 August 2024: The National Initiative for the Development of Egyptian Industry "Ebdaa" [which translates to start] was launched during the First International Industry Forum and Exhibition on October 29, 2022, to work primarily to support and localize national industries.
The initiative aims to rely on local products and reduce imports, by enhancing the role of the national private sector in localizing many large, medium, small and micro industries.
In the below lines, et highlights 11 main objectives of the national initiative "Ebdaa":
1- Localizing the national industry.
2- Implementing the largest industrial projects with high added value.
3- Empowering the private sector to create strong economic entities.
4- Providing job opportunities for youth and eliminating unemployment.
5- Contributing to increasing local production.
6- Providing foreign resources and hard currency.
7- Adding new investments worth 200 billion pounds.
8- Providing about 150 thousand job opportunities.
9- Increasing the volume of industrial investments.
10- Focusing on industries for goods and products that depend on imports.
11- Producing production requirements and imported products.
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