06/08/2006
October Magazine 2006/AUGUST /06
The Egyptian Bank indicators show a rise in the import of investment commodities, thus experts stress the need to address the situation before Egypt becomes a market of expired goods. ( Available in Arabic – German in PDF )
In light of the Egyptian Bank indicators, showing a rise in the import of investment commodities, experts express their views in regards to the issue. Dr. Riad outlines three basic factors we must focus on in regards to production or importation of manufacturing machinery. Such is summarized as follows: time efficiency; the elimination of energy waste; the elimination of imported raw material waste. In addition, Riad points out the basic axes for boosting Egyptian industry: the establishment of a vehicle for financing importation; the quality of goods and activating the role of the Standard Organization; interest in research and development, in addition to transport of technology to our factories. Dr. Youssry Tahoun has his say by outlining four cautionary measures. Such is summarized as follows: ensuring high quality production; the competitive nature between our commodities and international products; the draining of foreign currency; corruption or foul play. Furthermore, Dr. Tahoun advises that the attraction of foreign investment is a necessity for the production of goods in Egypt.