{"id":559531,"date":"2021-01-25T04:01:12","date_gmt":"2021-01-25T04:01:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/"},"modified":"2021-01-25T04:01:12","modified_gmt":"2021-01-25T04:01:12","slug":"an-industrial-shake-up","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/","title":{"rendered":"An industrial shake-up?"},"content":{"rendered":"<p><strong>Egyptian policymakers need to shake up the country\u2019s industrial sector <\/strong>and put into place a new industrial policy to kickstart economic activity, Beltone Financial executive chairman and capital markets veteran Maged Shawky in an interview with Al Arabiya (<a href=\"https:\/\/www.alarabiya.net\/ar\/aswaq\/economy\/2021\/01\/24\/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF-%D9%85%D8%B5%D8%B1-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%A8%D9%84%D8%AA%D9%88%D9%86-%D9%84%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9-%D8%B5%D9%86%D8%A7%D8%B9%D8%A7%D8%AA-%D9%85%D8%B5%D8%B1-%D8%AA%D8%AD%D8%AA%D8%A7%D8%AC-%D9%84%D8%A7%D8%B9%D8%A7%D8%AF%D8%A9-%D9%87%D9%8A%D9%83%D9%84%D8%A9\">watch, runtime: 06:49<\/a>). Egypt\u2019s large industrial sector already plays an important role in terms of trade and economic growth, but a reorientation of policy towards providing more financial and logistical support, especially when it comes to small-scale, labor-intensive, and export-oriented factories, will better serve the sector, Shawky said.<\/p>\n<p><strong>Digitization and data: <\/strong>As Egypt pushes on with post-IMF structural reform, it\u2019s important to make use of existing tech infrastructure to enable growth in the country\u2019s data, server hosting, and cloud infrastructure sectors, Shawky said. With enough government support, progress in those areas would be key to successful structural reform, he added. Those sectors are being discussed everywhere now, and Shawky believes that, down the line, they\u2019ll be as influential to economic growth as oil prices.<\/p>\n<p><strong>Have you been reading Hardhat? <\/strong>We recently took a deep-dive into Egypt\u2019s data center landscape in <a href=\"https:\/\/enterprise.press\/hardhats\/egypt-way-becoming-data-hub-part-1\/\">part 1<\/a> of a three-part series examining Egypt\u2019s potential to emerge as a regional hub for data centers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egyptian policymakers need to shake up the country\u2019s industrial sector and put into place a new industrial policy to kickstart economic activity, Beltone Financial executive chairman and capital markets veteran Maged Shawky in an interview with Al Arabiya (watch, runtime: 06:49). Egypt\u2019s large industrial sector already plays an important role in terms of trade and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":559532,"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":[7206],"tags":[155,2415,104,72,272,7196,131],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-digitization","tag-economic-reform-program","tag-economy","tag-enterpriseam","tag-imf","tag-industry","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"98a4bd59-db3d-47bf-83e5-39a1ecacd6f1","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/1\/306.jpg","photo_position":"above","related_issue":[559516],"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>An industrial shake-up? - 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\/2021\/01\/25\/an-industrial-shake-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An industrial shake-up?\" \/>\n<meta property=\"og:description\" content=\"Egyptian policymakers need to shake up the country\u2019s industrial sector and put into place a new industrial policy to kickstart economic activity, Beltone Financial executive chairman and capital markets veteran Maged Shawky in an interview with Al Arabiya (watch, runtime: 06:49). Egypt\u2019s large industrial sector already plays an important role in terms of trade and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-25T04:01:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/306.jpg?fit=%2C&ssl=1\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"An industrial shake-up?\",\"datePublished\":\"2021-01-25T04:01:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/\"},\"wordCount\":204,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/306.jpg?fit=%2C&ssl=1\",\"keywords\":[\"digitization\",\"economic reform program\",\"economy\",\"EnterpriseAM\",\"IMF\",\"industry\",\"Manufacturing\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/01\/25\/an-industrial-shake-up\/\",\"name\":\"An industrial shake-up? 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