Industry Minister – New Strategy Adopted to Fix Economy

Industry Minister Mounir Fakhry Adbel-Nour said the government adopted a new economic strategy to face three main problems the budget deficit, trade balance deficit and low growth rates.

This came during a meeting with visiting German businessmen delegation on Wednesday 2492014.

The minister added that the new strategy aims to spur the economy through three main aspects applying a financial reform system, increasing Egyptian exports rates, and attracting more foreign investments.

“The government attaches great importance to small and medium enterprises, which represent about 90 percent of the industrial business in Egypt and help provide many job opportunities,” he stated.

He pointed out that by the end of the year there would be a strategy to develop small and medium projects.

MENA

Source : Egypt State Information Service