The Egyptian newspaper ‘Al-Shorouk’ reported on Madbouly’s statements during an inspection tour that included the inauguration of new developmental and industrial projects in the area belonging to the General Authority for the Suez Canal Economic Zone, where he attended the celebration held on this occasion. The Egyptian Prime Minister explained that achieving this ambitious level of exports depends fundamentally on this type of industrial projects, emphasizing the need to expedite the qualification of industrial areas and attract more investors, which will provide hundreds of thousands of job opportunities for young people.
He pointed out that the state is looking for the industrial sector to be the driving force for comprehensive development of the Egyptian economy, as part of achieving the goals of Egypt’s Vision 2030. The Prime Minister noted that the projects inaugurated today came after the establishment of an integrated infrastructure that included water, gas, electricity, and sewage stations, in addition to providing advanced communication networks, which qualifies the area to attract new investments and supports the industrial business environment.
Earlier, Amr Talaat stated that the ministry is working to support and encourage the mobile device industry in Egypt, revealing the date for the start of exporting Egyptian mobile devices in large quantities. Talaat mentioned in a phone interview with the ‘Studio Extra’ program, that there are 14 factories producing mobile phones, including 4 of the top 5 brands in the Egyptian market. Talaat reported that the factories produced about 3.5 million devices last year, and production is expected to reach 9 million devices by the end of the current year.
