Skip to main content

Egypt promotes local products

More factories are ready to join the Egyptian president’s initiative to promote local products, which economists believe will boost the economy and fight unemployment.
RTS1ROCZ.jpg
Read in 

CAIRO — Thousands of factories are rushing to join the initiative of President Abdel Fattah al-Sisi to encourage the purchase of local products. Mohamed Abdel Salam, head of the ready-made garment chamber at the Federation of Egyptian Industries, said in a Jan. 11 press statement that the number of clothing factories alone to join the initiative amounted to 300 factories as of the time of writing.

Prime Minister Mustafa Madbouly had held a meeting on Jan. 3 in the presence of Minister of Planning and Economic Development Hala al-Saeed, Minister of Social Solidarity Nevine el-Kabbaj and officials of the Federation of Egyptian Chambers of Commerce in Cairo to follow up on the steps required to start activating the initiative. Madbouly noted the need to accelerate implementation, as the initiative aims to provide citizens’ needs for goods at reduced prices through local products in addition to putting the market and sales in motion.

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.