(MENAFN) The Egyptian Minister of Foreign Trade and Industry said in a statement that the ministry is preparing a five-year strategy which targets a 1.5 percent annual industrial growth.
The strategy eyes reducing the trade deficit and increase the foreign income resources. The plan also includes measures to attract foreign direct investment (FDI) and offer new job opportunities.
Specific indicators will be used to measure the progress of this strategy and the evaluation of the set accomplishments will occur on a monthly basis, the minister added in the statement.
Governor of the Central Bank of Egypt (CBE) sat down with Head of the Federation of Egyptian Industries (FEI), and FEI Vice Chairman, to discuss possible solutions for the difficulties faced by industries.
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