FINANCIAL NEWS

Suez Canal enhanced project will support Egypt’s economy

15 Mar 2016

(MENAFN) According to number of officials confirmed the efficacy of the step as a bid to save regional production and industry, in order to turn Egypt into an exporting country.

Furthermore, to support local industry the state should introduce new tech means to support small, medium, assembling and complementary industries.

In addition, encouraging domestic production needs more support, like the provision of land, services, and customs and tax exemptions.

However, the country faced some challenges in shipping service prices, amid a lack of oversight and controls, which challenges traders with their partners.

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