Egypt’s industry still needs support, much work to be done by new minister

Egypt’s industry still needs support, much work to be done by new minister

Former MP Ahmed Saleh was appointed as the new Minister of Industry and Trade — succeeding Nevine Gamea — on Saturday, with many believing that he has his work cut out for him, given that the state’s current strategy relies heavily on industrialisation.

While chairing the Industry Committee of the House of Representatives in 2015, Saleh contributed to formulating amendments to the automotive industry’s strategy, as well as working on the issuance of Industrial Development Authority Law No. 85/2018, which is the most prominent law regulating the work of the most important bodies operating in the sector.

Egyptian manufacturers and importers congratulated the former MP on taking over the ministry, wishing him success and hope in solving problems related to industry and export.

Consequently, Daily News Egypt (DNE) spoke to a number of stakeholders in manufacturing and import to learn more about the challenges and potentials of this vital sector, along with communicating their demands and suggestions to reconsider some of the measures that hinder industrialisation.

The shareholders assured that despite the problems and challenges that no factory is free from, the reality is that Egypt has an industrial fortress that cannot be underestimated, possessing knowledge, experience, and capabilities despite their simplicity in many