Egypt’s Investors Union is urging the government to accelerate the development of new industrial cities and expand support for technical education, aiming to strengthen the country’s entrepreneurial ecosystem and provide critical resources for small and medium-sized enterprises (SMEs). The call came during a high-level meeting between union members, led by president Moharam Helal, and Dr. Hussein Issa, Deputy Prime Minister for Economic Affairs.
Quick Facts
- Call for new industrial cities across Egypt.
- Demand to fast-track serviced land allocation.
- Push to expand applied technology schools.
Addressing the Industrial Land Shortage
A central topic of discussion was the increasing demand for serviced industrial land, a key bottleneck for new and expanding projects, particularly for SMEs. Union members emphasized the need to make more land available to support supply chains and increase the added value within the Egyptian economy.
Dr. Abeer Essam, a board member of the union, highlighted the importance of establishing a network of new industrial cities from the south of Egypt to the north. She argued this would create significant industrial development opportunities and open up broader investment prospects. The union also stressed the need to speed up the land allocation process to match the pace of industrial expansion plans.
Building a Skilled Workforce
Beyond infrastructure, the union called for entrepreneurship to be brought under a state-supported framework. Dr. Essam pointed to the critical role of applied technology schools in creating a pipeline of qualified talent for the job market. She advocated for expanding this educational model across all governorates, describing it as a primary engine for preparing a skilled workforce and driving both community and economic development.
The union also recommended organizing more workshops and exhibitions for SME and artisan products at the regional level to help business owners market their goods and access new markets.
Government Commits to Private Sector Dialogue
In response, Dr. Hussein Issa, the Deputy Prime Minister, affirmed the government’s commitment to maintaining an open dialogue with business organizations. He stated that listening to their insights and proposals is crucial for improving the business environment and strengthening the partnership between the government and the private sector.
Dr. Issa also noted the role of the ministerial group for entrepreneurship in providing necessary support for startups and called for greater collaboration to extend the reach of government initiatives. Moharam Helal, president of the Investors Union, expressed his appreciation for the government’s collaborative approach, noting it signals a positive direction for supporting investment and economic growth.
About The Egyptian Investors Union
The Egyptian Investors Union is an organization that represents the interests of the business and investment community in Egypt. It engages in direct dialogue with government bodies to advocate for policies that improve the business climate, support industrial growth, and foster entrepreneurship across the country.
Source: Al-Nahar Egypt
