The Federation of Egyptian Industries has submitted to the cabinet suggestions about how to grow net exports, reduce reliance on imports and tackle issues facing the manufacturing sector, Chairman Mohamed El Sewedy said, according to Al Shorouk. El Sewedy voiced approval of the government’s new non-cash incentives program for exporters, which aims to boost value-added exports, stimulate industrial activity in Upper Egypt and develop shipping and logistics operations. The government has hinted that the new incentive program might not be cash-based. It is expected to be ready for cabinet review soon.

Tags: