The government intends to launch new initiatives to support the industrial sector.Visits : 318

The government intends to launch new initiatives to support the industrial sector.

The Minister of Finance, Dr. Mohamed Moait, said that the government plans during the next 5 months to launch a set of initiatives that support economic activity, especially the industrial sector, through the ministries of finance, trade and industry.

He stressed during a press conference held yesterday that the initiative may include incentives to support added value or incentives to support energy prices for factories or export support, as well as proposals to abolish the real estate tax on the industrial sector as one of the pillars of the sector. Maait added, that 90% of Egyptian exports and imports will be managed through logistic centers by the end of next June by launching centers in Damietta, Safaga, Dekheila and Ain Sukhna regions.

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