MP Hani Halim, member of the Senate for the Homeland Defenders Party, praised the presidential directives issued to Engineer Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, prioritizing the reopening of closed and stalled factories instead of building new ones. He affirmed that this strategic step is a key pillar in the state’s plan to advance national industry and preserve the industrial wealth, which is a fundamental pillar of the Egyptian economy.

Halim explained that these directives come within the framework of the political leadership’s keenness to achieve sustainable development and increase the industrial sector’s contribution to GDP, in line with Egypt’s Vision 2030.

He added that it is necessary to take immediate measures to assist companies and factories suffering from difficult economic conditions beyond anyone’s control, which may lead to further setbacks, stressing the need for prompt intervention to address their problems before it is too late.

Halim confirmed that restarting some stopped factories that can be reopened is the best and fastest solution to increase production capacity, compared to building new factories that take longer and require additional investments to qualify labor and infrastructure. He added that this policy contributes to providing thousands of direct and indirect job opportunities, supporting the national economy by reducing import bills and easing pressure on foreign currency. He pointed out that strategic industries, foremost among them the automotive industry, will be the biggest beneficiaries of these initiatives.

The senator pointed out that the Nasr Automotive Company is a successful model of these directives, having undergone comprehensive development and added modern production lines to manufacture cars and buses according to the latest global standards, enhancing the competitiveness of Egyptian products locally and internationally. He explained that ongoing plans to produce environmentally friendly vehicles, whether electric or natural gas-powered, reflect the state’s orientation towards keeping pace with global developments, protecting the environment, and providing modern transportation solutions for citizens.

Halim added that the plan approved by President Sisi is based on seven main axes, foremost among them deepening local manufacturing, localizing modern technology, increasing exports, raising the industry’s contribution to GDP from 14% to 20% by 2030, as well as offering ready industrial units to investors through digital platforms to encourage industrial investment and create a stimulating business environment. The ambitious targets also include reaching industrial production worth $170 billion, establishing 100,000 new factories, and providing about 8 million job opportunities by 2030, which consolidates Egypt’s position as a regional industrial hub.

MP Hani Halim concluded his statement by emphasizing that these presidential directives do not only benefit the economic side but also extend to the social dimension by preserving existing employment, protecting families linked to it, and rehabilitating technical cadres, which reinforces the concept of comprehensive development that considers humans before infrastructure. He noted that the return of factories to full production capacity will restore confidence in Egyptian industry and support its ability to compete locally and globally.