El Zorba: Engineering, Food Industries Lead Egypt’s Economic Renaissance

Galal El Zorba, President of the Federation of Egyptian Industries (FEI), said Engineering Industries Sector and Food Industries Sector are able to lead Egypt’s economic renaissance in the coming period through injecting more investments in these two sectors, in a way that bolsters the GDP.

El Zorba told Amwal Al Ghad that the government is preparing the economic climate suitable for achieving high industrial growth rates in these productive sectors. He elaborated that these high rates could be achieved through attracting foreign capitals for direct investment in Egypt, as the domestic savings are not sufficient for financing the investment demanded to achieve the targeted economic growth.

The FEI’s President has affirmed that the Egyptian economy is ready to achieve high rates of economic rates in case of orienting the governmental policies for serving the general interest.