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M. Ali Eissa, President of the Egyptian Businessmen Association: Moral and procedural gains for Egyptian businessmen from the first industry conference

Fathi Al-Sayeh

Engineer Ali Eissa, president of the Egyptian Businessmen Association, confirmed that the first industry forum on the occasion of

year, honoring President Sisi, is an important event and we achieved it as businessmen and makers. Patriots have many moral and procedural gains, as it indicates that the Egyptian industry is strongly and influential in economic and social life. The Egyptian industries in the industrial conference to enable and localize the national industry and prefer the local product to replace the import, in addition to talking about the importance of the industry in providing job opportunities and its contribution to the national income. It also touched on the challenges that the industry faced during the recent period and the existing opportunities with all transparency and clarity, which was the distinguishing feature in the meetings of the President

Eissa added: We, as businessmen and industry, thank President Abdel Fattah El-Sisi for these serious steps to advance the industrial sector and expand the participation of the private sector, in addition to the decisions announced during the conference.

The President of the Egyptian Businessmen Association described the recent and unexpected decisions of the Central Bank as courageous and unexpected to create a flexible exchange rate and raise interest rates to ensure macroeconomic stability and achieve Sustainable and comprehensive economic growth and by its gradual abolition of documentary credits in import financing operations until the completion of their complete abolition in December 2022, as this is an incentive to support economic activity in the medium term.

He said , that businessmen understand the seriousness of the global economic crisis and that applying these solutions and procedures to get out of them takes time to meet the requirements of the economy and industry and to treat the distortions in the recent period that cause problems in disrupting production, especially related to the entry of raw materials and production requirements.

He added. President of the Businessmen Association: “We believe that we are on the right path and in one boat, and that the private sector will play its role in social protection and approving the government’s premium 300 pounds to meet the high cost of living.

He stressed Issa, that there is a tu A consensus among businessmen to take into account the workers in factories and companies in each sector and to reconsider the minimum level of helping the workforce because they are a key partner in production and the success of the production and export process. Egyptian businessmen facilitate direct investment procedures by issuing the golden license for all projects within 3 months and preparing a list of projects ready to start and providing financing. The participation of all industrial sects in the initiative, including young people, entrepreneurs, businessmen and industrialists, as well as giant national projects in the manufacturing and feeding industries for major industries. With the participation of businessmen, and that it is ready to enter into a partnership in giant projects to ensure the sustainability of production chains locally, indicating that these steps will have a positive impact, all of which are gains for the private sector, especially And that the President gave directives to work on their implementation.