Industry Minister Engineer Khaled Hashem said the ministry is preparing to launch the “Industrial Guidance System” in mid-November to help investors, particularly young entrepreneurs and small manufacturers, identify investment opportunities, suitable industrial activities, and the procedures and incentives required to establish projects.
Hashem explained that the system is part of an integrated plan to develop small and medium-sized industries and increase their contribution to the economy, alongside investments and expansions by major companies.
He added that the system will provide investors with a point of contact to guide them through the initial stages of their projects and answer their questions about suitable industries, available opportunities, investment incentives, taxes, and other requirements for establishing industrial projects.
Hashem noted that support for small and medium-sized industries will go beyond guidance to include expanding rent-to-own and usufruct systems, simplifying licensing procedures, and preparing to launch a new financing initiative soon to support young entrepreneurs and small manufacturers.
He stressed that the system will also focus on developing factories' technological capabilities and helping them keep pace with industrial developments, thereby enhancing production capacity, filling gaps in local supply chains, and reducing reliance on imported production inputs.
🖋️Source: Al-Ahram Portal
