{"id":549888,"date":"2022-10-04T03:53:09","date_gmt":"2022-10-04T03:53:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/"},"modified":"2022-10-04T03:53:09","modified_gmt":"2022-10-04T03:53:09","slug":"manufacturers-listen-up-at-the-coming-economic-conference","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/","title":{"rendered":"Manufacturers: Listen up at the coming economic conference"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Manufacturers can expect to get a \u201cclear\u201d strategy on how the government plans <\/strong><strong>to shore up local industry at the upcoming economic conference<\/strong>, which is scheduled for 23-25 October, Prime Minister Moustafa Madbouly said, according to a cabinet <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0qas6Uq9QeyEkFvpBR2y1hNe3bGVJjB1Fu1WZYa77xtJM8ZoRbn7UzgEqj2WE3Z7bl\">statement<\/a>. The strategy is being drafted in coordination with industry players and will build on the outcomes of the public consultations with stakeholders in different industries to discuss the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cad4496-55ac-4ba8-841f-4aff2a56e5ee\">state ownership policy document<\/a>. You can refresh your memory of what went down with the <a href=\"https:\/\/enterprise.press\/industries\/pharma-players-want-revised-pricing-scheme-incentives-ramp-investments\/\">pharma industry<\/a>, <a href=\"https:\/\/enterprise.press\/industries\/engineering-industry-players-weigh-privatization-plans\/\">engineering and automotive<\/a> industry reps, <a href=\"https:\/\/enterprise.press\/industries\/fmcg-players-think-states-privatization-plans-merit-want-see-additional-clarity-changes\/\">FMCG players<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/304f0eac-e542-42b5-913f-c7af7c1bf156\">textiles and garments<\/a> manufacturers, and the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/339706b3-b659-4d59-bfac-63561b45eee5\">printing and packaging<\/a> industry in our previous editions of Inside Industry.<\/p>\n<p><strong>More subsidies on the table for exports to Africa:<\/strong> The finance and trade ministries stand ready to increase export subsidies for Africa-bound products as part of the wider strategy to boost exports, Finance Minister Mohamed Maait told Prime Minister Moustafa Madbouly, according to a <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02NyQ1GYDYR14wjCnYW3EbtpciirYezHS8ExWXbA3n1XLsgWdLG6Jy8o8Uwh4bJbwCl\">statement<\/a>. The government is also in negotiations to establish a logistics zone in an African country, in addition to an existing zone in Tanzania, Assistant Foreign Minister for African Affairs Sherif Eissa said, without disclosing any more details.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li>The <strong>first phase<\/strong> of the <strong>Ring Road <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/94109b08-572f-40a9-b31f-9bb8db93ec7a\">expansion<\/a><\/strong> \u2014 covering 76 km between Alexandria Agriculture road and New Cairo \u2014 is complete. (<a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid0UJTjmc6bcXtaLBiH5u2W3CuEwHV3pujMpZXcdSymkgBQAnY4fR5LocLaEJ79x6Yol\">Statement<\/a>)<\/li>\n<li><strong>Suez Canal Bank<\/strong> has granted home appliances player <strong>Fresh Group<\/strong> a <strong>EGP 450 <\/strong><strong>mn revolving loan<\/strong> at an 8% declining interest rate under the central bank\u2019s soft loans program that supports exporters. (<a href=\"https:\/\/bit.ly\/3UVvesS\">Al Mal<\/a>)<\/li>\n<li><strong>Bus to Damascus: <\/strong>Transport Minister Kamel Al Wazir and his Jordanian counterpart discussed launching a Cairo-Damascus bus line in coordination with several transport companies. (<a href=\"https:\/\/www.facebook.com\/MinistryTransportation\/posts\/pfbid0NBrgg1kast9As7DfYkreUxvnmWCNh7F227URw1GxCvF29dMXJgbJiWbfZRc4eDA8l\">Statement<\/a>)<\/li>\n<li><strong>Mas Electric<\/strong> wants to establish an <strong>EGP 40 mn<\/strong> freezers and display refrigerators <strong>factory<\/strong> in Tenth of Ramadan City this year, to start operations in 2024. (<a href=\"https:\/\/www.alborsaanews.com\/2022\/10\/03\/1582742\">Al Borsa<\/a>)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Manufacturers can expect to get a \u201cclear\u201d strategy on how the government plans to shore up local industry at the upcoming economic conference, which is scheduled for 23-25 October, Prime Minister Moustafa Madbouly said, according to a cabinet statement. The strategy is being drafted in coordination with industry players and will build on the outcomes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,72,2511,7196,2512,587,1164,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-549888","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-fresh-group","tag-industry","tag-mas-electric","tag-state-privatization-program","tag-suez-canal-bank","tag-transport","wpautop","entry"],"acf":{"mongo_id":"7c0593aa-c306-4a59-8603-b4f55bb9a0b1","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[549867],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Manufacturers: Listen up at the coming economic conference - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturers: Listen up at the coming economic conference\" \/>\n<meta property=\"og:description\" content=\"Manufacturers can expect to get a \u201cclear\u201d strategy on how the government plans to shore up local industry at the upcoming economic conference, which is scheduled for 23-25 October, Prime Minister Moustafa Madbouly said, according to a cabinet statement. The strategy is being drafted in coordination with industry players and will build on the outcomes [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-04T03:53:09+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Manufacturers: Listen up at the coming economic conference\",\"datePublished\":\"2022-10-04T03:53:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/\"},\"wordCount\":314,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"ALSO ON OUR RADAR\",\"EnterpriseAM\",\"Fresh Group\",\"industry\",\"Mas Electric\",\"state privatization program\",\"Suez Canal Bank\",\"transport\"],\"articleSection\":[\"Also on our Radar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/10\/04\/manufacturers-listen-up-at-the-coming-economic-conference\/\",\"name\":\"Manufacturers: Listen up at the coming economic conference - 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The Madbouly Cabinet\u2019s economic group reviewed yesterday a proposed package of incentives for automotive manufacturers to spur domestic manufacturing and assembly, according to a Cabinet statement. Prime Minister Moustafa Madbouly ordered the finance and trade and industry ministries\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576536,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/29\/also-on-our-radar-on-29-november-2020\/","url_meta":{"origin":549888,"position":1},"title":"Also on our radar on 29 November 2020","author":"enterpriseam admin","date":"29 November 2020","format":false,"excerpt":"Green finance is more and more a thing with each passing day. Most recently: The National Bank of Egypt (NBE) is getting a EUR 100 mn credit facility from the French Development Agency (AFD) to finance green projects in Egypt and Egypt could see the establishment of its first green\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":550298,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/23\/heres-what-you-can-expect-at-the-govts-egypt-economic-conference-2022\/","url_meta":{"origin":549888,"position":2},"title":"Here\u2019s what you can expect at the gov\u2019t\u2019s Egypt Economic Conference 2022","author":"enterpriseam admin","date":"23 October 2022","format":false,"excerpt":"The Madbouly government\u2019s highly-anticipated economic conference kicks off today and runs through Tuesday. The gathering will see government officials, experts, and economists come together with the aim of creating a roadmap for the country\u2019s economic future.Day 1: Today will see a discussion of macroeconomic policies, including how successive global economic\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598214,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/finmin-trade-ministry-expand-egypts-automotive-incentives-strategy-to-cover-all-industries\/","url_meta":{"origin":549888,"position":3},"title":"FinMin, Trade Ministry expand Egypt\u2019s automotive incentives strategy to cover all industries","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin, Trade Ministry looking to expand automotive industry-style incentive strategy to other sectors: The finance, trade and industry ministers are working on a more expansive incentives strategy for all local industries based on its program for the automotive industry, a senior official in the government tells Enterprise. The program\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/381.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":550402,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/26\/cabinets-to-do-list-is-long-after-the-wrap-of-the-egypt-economic-conference\/","url_meta":{"origin":549888,"position":4},"title":"Cabinet\u2019s to-do list is long after the wrap of the Egypt Economic Conference","author":"enterpriseam admin","date":"26 October 2022","format":false,"excerpt":"The Egypt Economic Conference wrapped yesterday with closing speeches from President Abdel Fattah El Sisi (watch, runtime: 1:59:16) and Prime Minister Moustafa Madbouly (watch, runtime: 11:43), both of whom laid out what they see as next steps for the state\u2019s role in the economy, manufacturing and other policy areas after\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/336.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598256,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/govt-understands-the-importance-of-egypts-automotive-strategy-but-lacks-the-correct-vision-says-raouf-ghabbour\/","url_meta":{"origin":549888,"position":5},"title":"Gov\u2019t understands the importance of Egypt\u2019s automotive strategy but lacks the correct vision, says Raouf Ghabbour","author":"enterpriseam admin","date":"20 May 2019","format":false,"excerpt":"Ghabbour says gov\u2019t lacks vision for the automotive industry: The Madbouly Cabinet\u2019s economic group has made it clear that it wants to come up with a strategy to encourage automotive manufacturing in Egypt, but it\u2019s being held back by a lack of vision for the sector, GB Auto Chairman Raouf\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=549888"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/549888\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/549867"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=549888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=549888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=549888"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=549888"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=549888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}