Lower Production Costs and Financing Key to Developing Egyptian Industry, Economist Says

Developing Egypt’s industrial sector requires lower production costs and access to financing, according to economist Dr. Ahmed Abdel Hafez.

Abdel Hafez said industrial development should be at the forefront of economic policy priorities in the coming period. He described the sector as one of the main engines of economic growth.

His call puts the cost of manufacturing and the availability of funding at the centre of efforts to strengthen Egyptian industry. Both were identified as requirements for the sector’s development.

The economist’s remarks link support for industry to Egypt’s broader growth agenda, placing industrial development among the key tasks facing economic policymakers.