The Small and Medium Enterprises Committee in the House of Representatives, headed by Representative Mohamed Kamal Marhi, inspected today the industrial complex in Hurghada, where the committee visited a number of units in the complex to find out the problems they face and work to solve them.
Representative Mohamed confirmed Kamal Marei, Chairman of the Committee, during his meeting with the number of unit owners, said that the state is keen to support small projects through many facilities and incentives discussed by Parliament and approved by the government, including a law on facilitation and tax incentives for those who reach the size of their business. 15 million pounds, as well as a tax on obtaining a temporary license for the project, so the above will not be dealt with, as well as a law to end tax disputes, indicating that small projects are the engine of development for the Egyptian economy, so support for them is necessary.
Marhi said that the small projects law No. 152 of 2020 approved unprecedented facilities and incentives Pointing out that the recent dollar crisis has proven that it is necessary to localize the local industry and work to replace imports to reduce the pressure on the hard currency. Marai demanded from the Small and Micro Enterprise Agency the necessity of holding training courses for workers in the industrial units in the Hurghada Complex. Marai said that an integrated system for industries must be created. Heritage and craftsmanship; Given the importance of this industry and the added value it represents, he continued, saying: Any project owner working on a product that reduces the import bill will enjoy unprecedented advantages and incentives.
Marhi called for the necessity of coordinating the Small Enterprise Development Agency with the Ministry of Education to establish a school. Technology inside the industrial complex in Hurghada.
MP Mohamed Kamal Marei described the industry file as one of the most important national security files, stressing the need to confront the challenges of industrial development such as providing raw materials and controlling prices. He added that strengthening efforts to support the local industry will lead to reducing dependence on imports and spreading Egyptian products internally and externally.
During the tour, the head of the committee asked one of the investors to implement a model of an armored wooden door, stressing his willingness to fully support its costs if it is perfected. The product will be distributed throughout the republic. He also announced a reduction in interest and an extension of the grace period for Egyptian products, which contribute to reducing imports.
The committee delegation listened to investors’ problems, which were represented by bank defaults, the difficulty of importing raw materials, storage problems, and the need to open new export markets.
Investors also called for the launch of a collective platform to identify the needs of foreign markets and provide training opportunities abroad.
The tour was witnessed by the committee delegation and a number of officials, Representative Hala Fawzi Abu Al-Saad, representative of the committee, and Representative Marcel Samir. Sidqi, Secretary of the Committee, Representative Mona Abdullah Abdul Ghani, Committee Member, Representative Ghada Mahmoud Al-Dabaa, Committee Member, Dr. Raafat Abbas, Executive Vice President of the Projects Agency, and Dr. Hasnaa Al-Bagouri, Head of the Agency’s Branches Sector, and Dr. Abdel Baset Mekki, Undersecretary of the Ministry of Finance and Head of the Senior Funders Center, before me, Ashraf Hussein, Director of the Office of the Small Enterprise Development Authority in the Red Sea, Imad Saif, Secretary of the Mostaqbal Watan Party, Mr. Ahmed Al-Daqqaq, Secretary of Organization of the Party, Atallah Sobhi, Assistant Secretary of the Governorate, Mohamed Youssef, Secretary of Projects of the Mostaqbal Watan Party in the Red Sea, and Brigadier General Ahmed Fahmy, Director of the Factory Complex, Esraa Abdel Moneim, Director of the Red Sea Industrial Development Branch, and a group of investors and factory owners.
This visit comes within the framework of efforts made to strengthen the industry. Nationalism and supporting investors to achieve a comprehensive economic renaissance.
