Egyptian Industrialists Seek More Export Support, Criticise Its Distribution

Egyptian industrialists have called on Industry and Trade Minister Rachid Mohamed Rachid to increase export support, while criticising the way assistance is distributed.

The demands follow Rachid’s call to raise industrial exports from 90 billion to 200 billion over the period from 2010 to 2013. The currency was not specified in the summary provided.

The export target has renewed discussion of the financial assistance offered to Egyptian industry and whether it is sufficient to support the planned expansion.

A number of industrialists said existing support was inadequate. Their objections also extended to how that support is allocated, putting both the level of assistance and its distribution at the centre of the debate.