El Fayoumi highlighted that feeder industries represent the
cornerstone of building a sustainable industrial renaissance. He stressed the
need to boost local production through well-structured measures that improve
supply chains, reduce bureaucratic barriers, and establish partnerships with
international companies to transfer technology and know-how.
He noted that feeder industries currently make up 15 to 20
percent of Egypt’s industrial sector, with a national target to raise this
share to 35 percent by 2030.
El Fayoumi emphasized that strengthening feeder industries
is essential to reducing dependence on imports and enhancing domestic
manufacturing. He added that this is in line with the current direction
announced by the Minister of Investment.
He called for a package of targeted incentives such as tax,
insurance, and procedural support to foster the growth of feeder industries,
particularly for small and medium-sized enterprises (SMEs) that face
early-stage financial challenges.
El Fayoumi concluded that investing in feeder industries
would help reduce demand for the US dollar by lowering reliance on imported
components, while simultaneously increasing the local content of Egyptian
exports. This dual effect would ease pressure on foreign currency demand and
boost dollar inflows into the economy.