Amr Fattouh, Chairman of the Central Industry Committee of the Democratic Generation Party, participated in the Egyptian Freedom Party symposium, which was organized by the Small and Medium Enterprises Committee of the Egyptian Freedom Party, headed by Dr. Eid Abdel Hadi, Chairman of the Committee, and in the presence of Dr. Ahmed Bayoumi, Vice Chairman of the Party, and a number of Egyptian party representatives. And businessmen, entitled “Small Enterprises and Entrepreneurship”.
This came in conjunction with the United Media Services Company’s announcement of the details of cooperation with the Ministry of Higher Education, And the Ministry’s Innovators and Geniuses Fund, in the “Gen Z” program, the largest competition among Egyptian university students in the fields of innovation and entrepreneurship, with funding and support amounting to 100 million pounds, stressing that it is an opportunity to discover creative people, but rather represents a platform for unleashing the energies of youth and directing them towards innovative solutions.
Amr Fattouh – Chairman of the Central Industry Committee of the Generation Party and Chairman of the Small and Medium Enterprises and Entrepreneurship Committee, explained… And one of the young manufacturers – his experience in the field of “industry” How did he achieve an ambitious plan “as a factory”? In the industry of “Egyptian product” Starting with importing and marketing that product, then manufacturing and exporting it to 60% of the countries of the world, and manufacturing an alternative product to glass and shatterproof “polycarbonate”.
He praised the Egyptian state’s support in the new republic and its directives. President Abdel Fattah El-Sisi in supporting small and medium enterprises, and creating an initiative to pump through them " 200 " One billion pounds to support it.
Ftouh pointed out that the "economy" One of the demands " “National Security”, stressing that it is necessary to support ” Egyptian products " He explained his recommendations for excellence in this field, including the importance of focusing on complementary industries and production requirements and supporting these projects, granting customs facilities on production lines while conducting feasibility studies on these projects and presenting them to young people, with the importance of providing the necessary funding to support these industries and small and medium enterprises and expanding electronic marketing.
He called for the establishment of an “Egyptian digital platform” to market Egyptian products globally, and it is also important that interest be restored. With the “Project Development Agency” and supporting the Center for Modernization of Industry and Products, especially the importance of the information technology industry.
Dr. Ahmed Bayoumi, Vice President of the Egyptian Freedom Party, praised the selection of this file at this time. Especially since this stage is the stage of small projects, pointing out several questions that are important to the topic of the symposium and the importance of answering these questions through the discussions and theses of this meeting, such as explaining the obstacles that hinder the development of small and medium enterprises in Egyptian society, and how to confront the decline in capitalization. Money and the extreme increase in spending, as well as how to overcome the increasing costs of debt used to finance these projects, and the weakness of information and scientific management in managing small and medium enterprises.
Bayoumi added that it must be Also clarifying the intense competition, imitation and increase of these projects with the same product and industry, and the difficulty of obtaining " Trained workers " As a result of various factors, including the spread of " “Tuktuk”, which limited qualified workers, difficulty financing expansions in projects, weak marketing advantage for those projects and risk management, weak knowledge, bureaucracy, and difficulty dealing with public facilities and government agencies.
Then Dr. Ibrahim Al-Manasterli, Chairman of the Industry Committee and Advisor to the President of the Republican People’s Party, spoke, saying: " Summary of the economy in three words: “Industry is the locomotive of development,” stressing that industry is the most important resource of the Egyptian state and its effective impact on the domestic national product and reducing inflation and the exchange rate of foreign currencies.
Al-Manasterly also explained that industry Eliminates unemployment among young people and Egyptian workers, pointing out that industry is the most stable and superior resource with " Suez Canal Resources " And " Tourism Resources " To balance revenues in the Egyptian state, stressing the importance of " Entrepreneurship " And the importance of innovation and creativity, explaining the nature, conditions and specifications of " Entrepreneurship " Therefore: – Innovative thinking. – Good planning. – Strategic thinking. – Good planning. – The queen of leadership and management. – The ability to bear risks. – Increasing workers’ skills.
He continued by explaining that there must be real investment opportunities in the field of industry, the importance of granting inducements, facilities, incentives and tax exemption to industrial investors and the importance of finding marketing opportunities for industrial products, explaining that the strength of a country’s economy is measured by the rate and rate of unemployment.
Dr. Eid Abdel Hadi, Chairman of the Small and Medium Enterprises Committee of the Egyptian Freedom Party and organizer of the symposium, said that there is an importance in searching for unconventional solutions to the problems and obstacles of small and medium enterprises. Emphasizing the importance of re-discussing laws and legislation, especially Law (152) of 2020, to support and remove obstacles to developing and increasing small and medium enterprises.
The symposium witnessed an active presence from all political, partisan, and economic sectors.
