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 PM reviews FEI proposals to boost investment, jobs

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Egyptian Gazette
Home Egypt

 PM reviews FEI proposals to boost investment, jobs

by Gazette Staff
November 8, 2026
in Egypt
 PM reviews FEI proposals to boost investment, jobs 11 - Egyptian Gazette
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Egypt’s Prime Minister Mostafa Madbouly has reviewed proposals submitted by the Federation of Egyptian Industries (FEI) to carry out recommendations produced by the recent Egypt Forum 2026 on industry, investment and employment.

The proposals were discussed on Sunday at a meeting held at the government headquarters in the New Administrative Capital on Sunday.

The meeting comes as follow-up of President Abdel Fattah El-Sisi’s directives at the forum and its recommendations, particularly those relating to industry, investment and job creation.

Deputy Prime Minister for Economic Affairs Hussein Eissa, Minister of Industry Khaled Hashem and FEI Chairman Mohamed El-Sewedy attended the meeting.

Presenting the federation’s proposals, El-Sewedy outlined four key measures.

The first calls for closer co-operation with the Ministry of Industry to provide the federation with the government’s five-year plans.

El-Sewedy noted that developing a locally manufactured product could take between one year and 18 months, describing the initiative as a major opportunity to expand Egypt’s industrial base across several sectors.

The second proposal calls for transferring the management of vocational training centres affiliated with the Ministry of Labour to the private sector and the FEI. The aim is to make better use of these facilities, reduce unemployment and expand job opportunities for Egyptians.

The third focuses on the effective implementation of Law No. 1 of 2015, which gives preference to Egyptian products in government contracts.

The fourth urges the full application of investment incentives stipulated under the Investment Law to projects in Zones A and B, without restricting them to specific sectors.

Commenting on the proposals, Madbouly stressed the importance of enforcing the law giving preference to local products. He said firm instructions had been issued to all ministries to rely on Egyptian-made products in their ongoing projects.

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