Dr. Nevine Nakhla,said that the new industrial zones recently inaugurated by President Abdel Fattah e-Sisi provide new foreign and national investments
Dr. Nevine Nakhla, Professor of Business Administration, said that the new industrial zones recently inaugurated by President Abdel Fattah e-Sisi provide new foreign and national investments as well as a number of job opportunities. She affirmed the importance of the private sector's role in advancing economic growth, which makes a quantum leap not only for export but also for providing vocational training.
She added, in an interview with (Breakfast Show), that Egypt has a young population that are building their capacities and knowledge and expertise in different industries, referring to the General Authority for Investment and Free Zones (GAFI) who starts training for youth, entrepreneurs, startups, workshops and governmental employees.
She further mentioned that GAFI has opened new industrial hubs scattered nationwide, which shows the decentralization of industry and the perfect use of each governorate as each one has a competitive advantage or resource. Opening these hubs, she said, with a total 15 industrial zones connected with artificial intelligence and a very professional system enhances foreign and local investment, private companies, and governmental employment.
Dr. Nakhla noted that all the state institutions are working with the same strategy to fulfill Egypt’s Vision 2030 and to reassure Egypt's economic development, especially in a time when we proved resilience as we absorbed the international shock of the economic crisis of COVID19 and the Ukrainian-Russian war. She also highlighted the new investment laws and regulations easing steps for investors to start their work.
“Research and development are indeed the heart of any country”, she said, stressing that bridging the gap between research and development on one hand and the real manufacturing on the other is the key to Egypt’s success. She pinpointed that the private sector and the governmental bodies now are using centers for research and development of universities and its success is noticed in many incubators and accelerator as “NilePreneurs Initiative” that is funded by the Central Bank of Egypt and implemented by Nile University to support entrepreneurship.
Dr. Nevine Nakhla concluded her words by assuring that Egypt possesses the land, knowledge, no how, people, expertise, training, trade agreements, security and safety, and economic and political stability which are important factors to attract foreign investments, highlighting that launching of the updated version of Egypt's investment map is an added value.
(The Breakfast Show) is aired daily on Nile TV International and this episode is conducted by Amal Mokhtar.
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