Egypt’s Prime Minister Mostafa Madbouli affirmed that the state places industrial development, technology, and innovation at its top priorities during the current phase.
He explained that the state takes such steps since these areas play important role to contribute to achieving development and economic growth, creating both direct and indirect job opportunities, reducing depending on imports, enhancing local content, boosting exports, and strengthening the competitiveness of Egyptian products abroad. These sectors also play a vital role in empowering start-ups and supporting other aspects that serve the national economy.
The premier’s remarks came Saturday during a tour in the 10th of Ramadan City, where he witnessed the inauguration of the first factory of BSH company, which is owned by the German “Bosch” Group, in Egypt and Africa.
It is also scheduled that the premier will witness the inaugurating of the largest e-commerce logistics warehouse for “Jumia,” a leading African technology and e-commerce company, located on the Suez Road.
The premier was accompanied by Sherif elSherbiny, Minister of Housing, Utilities, and Urban Communities, Hazem el Ashmouny, Governor of Sharqia; Hossam Heiba, CEO of the General Authority for Investment and Free Zones; and Ibrahim el Segini, Head of the Consumer Protection Agency, along with several BSH Egypt executives.
During his visit to the Jumia warehouse, Madbouli is scheduled to be accompanied by Amr Talaat, Minister of Communications and Information Technology, Ibrahim Saber Khalil, Governor of Cairo; and Abdel Latif Allama, CEO of Jumia Egypt.
Madbouli explained that in line with the state’s keenness to upgrade the industrial sector and its efforts to enhance private sector investments, an urgent plan has been drawn up based on the directives of President Abdel Fattah El Sisi to make use of Egypt’s capabilities and resources that qualify it to become a regional and global industrial and logistical hub.
