During his visit to the Bosch factory, Madbouly was accompanied by Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny, Sharkia Governor Hazem El-Ashmouny, General Authority for Investment and Free Zones CEO Hossam Heiba, Consumer Protection Agency Head Ibrahim El-Seguini, and several BSH Egypt leaders.
Minister of Communications and Information Technology Amr
Talaat, Cairo Governor Ibrahim Saber Khalil, and Jumia Egypt CEO Abdellatif
Olama accompanied Madbouly on his visit to the Jumia warehouse.
Madbouly emphasized that Egypt prioritizes industrial
development, technology, and innovation, viewing them as crucial for economic
growth and job creation. He highlighted their role in reducing import reliance,
boosting local content, increasing exports, and enhancing the competitiveness
of Egyptian products globally, while also empowering startups.
He added that an urgent plan, directed by President Abdel
Fattah El-Sisi, has been developed to leverage Egypt's potential as a regional
and global industrial and logistics hub. This plan includes simplifying
industrial licensing, reducing approval times, offering accessible financing,
and providing tax and customs incentives for manufacturers. It also aims to
strengthen private sector partnerships, localize technology, foster innovation,
and enhance workforce skills.
"Today, we witness new inaugurations that genuinely contribute to the industrial and information technology sectors," Madbouly said. "These are a step towards localizing important industries and strengthening Egypt's industrial and technological position, with significant participation from the private sector, which the state relies on as a fundamental partner in various development projects."