Egypt's National Industrial Development Initiative "Ebdaa"
CAIRO - 5 August 2024: The National Initiative for Industrial Development "Ebdaa" which translates to [Start], received more than 1000 diverse requests during the first year of the initiative's launch, including inquiries about the National Initiative "Ebdaa" and what it offers, and requests for support from owners of struggling factories.
The National Initiative for Industrial Development "Ebdaa" works on three axes:
The "Industry Support" axis
The "Major Partnerships" axis
The "Training, Research and Development" axis
The "Industry Support" axis is concerned with overcoming all obstacles facing owners of struggling factories, by facilitating procedures, such as obtaining various licenses, and legalizing conditions, in cooperation with various entities such as the "Enterprise Development Agency", the "Cabinet of Ministers", the "Industrial Development Authority", and others.
Requests and complaints are submitted through the initiative's official website, and then they are sorted and classified according to the type of problem and the entities concerned with the solution.
More than 1,000 diverse requests were received during the first year of the initiative’s launch, including: inquiries about the national initiative and what it offers, requests for support from owners of struggling factories, or requests to facilitate procedures for investors to establish new factories.
The initiative’s members communicate and coordinate with the relevant authorities concerned with solving problems to discuss ways of cooperation to resume production in the case of struggling factories, or to start establishing the project in the case of new investors.
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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