Friday, 11 October 2013

Egypt: Industry Minister – Resorting to Exceptional Procedures to Encourage Investment...........

During a meeting held two days ago by the British Egyptian Business Association (DEBA) under the title of "Egypt where to", the minister said that the ministry is trying to mediate to settle problems between banks and the ailing plants.

He also announced resorting to exceptional procedures for encouraging investment in such an exceptional stage.

On the other hand, Abdel Nour announced that the government had allocated LE3 billion for the establishment of 22 industrial complexes for SMEs in 20 governorates.

He also referred to giving more attention to the alternative energy sources through wind and sun, asserting that negotiations are on with the petroleum ministry for reaching an agreement allowing the use of coal as an alternative energy source for the cement plants, a matter which would secure 450 million cubic meters of natural gas.

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