government eyes 7 growth rate in 5 years
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Minister Mounir Fakhry:

Government eyes 7% growth rate in 5 years

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Government eyes 7% growth rate in 5 years

Minister of Trade and Industry Mounir Fakhry Abdel Nour
Sharm el-Sheikh – Arab Today

Minister of Trade and Industry Mounir Fakhry Abdel Nour on Saturday said that the government hopes to achieve a seven percent growth rate in the next five years.
In a round table as part of the EEDC, Abdel Nour added that his ministry developed a plan to increase the industry sector's share in Egypt's GDP over the next few years to reach 22 percent instead of the current rate of 17 percent.
The government has taken steps to reform the industrial structure to shift from the production of low value-added products based on resources to produce high value-added products based on technology, the minister said.
The industrial sector in Egypt has a strong development potentials including the high-skilled employment, the diverse knowledge, the abundant natural resources and the huge domestic consumer market, he added.
Egypt has signed several strategic free trade agreements, as GAFTA, QIZ, COMESA and "EFTA which open large markets for the national products, Abdel Nour said.
The Industry Minister said that the outward-oriented policies taken by the Egyptian government aim to integrate the industrial sector in the global economy, through promoting foreign direct investment in some industrial projects, especially those that use high technologies.
He added that the government also works to develop free trade agreements to support the industrial sector.
We also develop an ambitious strategy for industrial exports, he added.
The minister said the government works to strength self-employment projects as well as medium, small, and micro-sized enterprises.
The government has a strict strategy for the development of these projects through institutional reforms of their main financiers and developing a conglomerates program to promote bonding between them and large companies, the minister said.
Source: MENA

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

government eyes 7 growth rate in 5 years government eyes 7 growth rate in 5 years

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

government eyes 7 growth rate in 5 years government eyes 7 growth rate in 5 years

 



GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:56 2017 Tuesday ,21 March

MP amongst Palestinians kidnapped by IOF overnight

GMT 18:05 2012 Friday ,09 November

Rome film fest favours emerging directors

GMT 12:19 2016 Monday ,28 March

Japan loses track of $273m black hole satellite

GMT 21:39 2017 Monday ,06 March

Arab Movement forces control Timbuktu

GMT 14:13 2017 Saturday ,11 March

CHELSEA Beat SWANSEA City 3-1

GMT 09:09 2017 Thursday ,21 September

Kagawa leads Dortmund 'fire engine' back

GMT 06:43 2017 Thursday ,23 March

Wael Jassar says he still works with Arabica

GMT 07:41 2017 Thursday ,16 March

IOF raid West Bank, injure five, arrest 23 by dawn

GMT 12:37 2017 Wednesday ,15 March

Antarctic penguin numbers
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice