Sunday 22 Dec
During the launch conference for ready-made leather product factories in Rubiki, Badr City, Prime Minister Dr. Moustafa Madbouly witnessed the signing of a cooperation protocol to promote the city's industrial growth domestically and internationally.
The protocol was signed between the General Authority for Industrial Development (GAID), the General Authority for Investment and Free Zones (GAFI), and the Commercial Representation Authority, in the presence of Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport.
The protocol was signed by Dr.
Nahed Youssef, Chairman of the General Authority for Industrial Development,
Major General Yasser Abbas, Deputy Executive Chairman of the General Authority
for Investment and Free Zones, and Minister Plenipotentiary Yehya AlWathiq
Ballah, Head of the Commercial Representation Authority.
This protocol aims to enhance
both foreign and domestic investment in Egypt both domestically through utilizing
all investment offices within the country, and internationally by maximizing
the potential of commercial representation offices abroad to attract and boost
Foreign Direct Investment. These efforts will involve actively promoting
investment opportunities across various industrial sectors, including the
Rubiki Leather City.
The signed protocol mandates
increased collaboration between the General Authority for Investment and the
Commercial Representation Authority.
This will intensify efforts to
support the promotion of projects and showcase industrial investment
opportunities, particularly highlighting the Rubiki Leather City, to investors
and companies in target countries, in addition to organizing joint
international events and provide logistical support to investment companies in
Egypt.
To ensure effective implementation, the protocol establishes a joint executive committee that will convene regularly to monitor progress and achieve the outlined goals.
