Abeer Essam El-Din, a member of the Board of Directors of the Real Estate Development Chamber in the Federation of Industries, said that President Abdel Fattah El-Sisi’s launch of the “Start” initiative contributes to supporting and settling national industries, especially feeding industries, and relying on the local product in real estate development projects and national and development projects for the state, and then reducing imports..
She added that the initiative has many economic and developmental aspects, by strengthening the role of the national private sector in the localization of many large, medium, small and micro industries in Egypt, as it aims to localize modern industry, reduce the import gap and provide job opportunities, and its goals are integrated with the national goals of the state. Egypt, its international commitments and efforts towards achieving sustainable economic and social growth, providing clean energy solutions, innovation in the industrial field, consumption and production.
She stressed that the Board of Directors of the Real Estate Development Chamber of the Federation of Industries appreciates the Start initiative and President Sisi’s directives to the government in more than one conference to remove all problems facing the increase in direct investment, issue the golden license and give preference to Egyptian products, pointing to the success of the Start initiative that will encourage local investment and attract investments. Foreign direct and increasing job opportunities for young people and for Egyptian companies of all sizes.
She pointed to the importance of supporting the consulting offices of the Egyptian product and its description of various private and state sector projects in the field of construction, hotels and tourist resorts, where the real estate development industry is linked to more than 120 professions and industries and acquires the largest share of job opportunities for young people and contributes to urban development and economic growth.