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Leather Chamber: The President’s opening of the International Industry Fair confirms the state’s interest in developing the sector


Yahya Abu Helqa, a member of the Board of Directors of the Leather Chamber, confirmed that President Abdel Fattah El-Sisi’s opening of the international conference and exhibition held by the Federation of Egyptian Industries on the occasion of the 100th anniversary of the establishment of the Federation, confirms President Sisi’s interest in supporting and settling the national industry.

He added, in exclusive statements on the sidelines of the International Industry Fair, that the decisions recently taken by the Central Bank, which allow liberalizing the dollar exchange rate and partially canceling import restrictions, are a step that eliminates the existence of two prices for foreign currency, as well as encourages investment and trade, stimulates exports and production, and provides foreign currency for industry.

He added that the first international forum and exhibition for industry focuses on supporting participatory international initiatives between industrial and commercial entities at the regional levels: “Arab, African, Euro-Mediterranean, and international”, to achieve sustainable economic development, based on three main dimensions (investment and economic dimension, social dimension and building construction). Man, and the Dimension of the New Republic).

He pointed out that the forum and exhibition aims to present prospects for the advancement of the industry and its settlement in light of economic challenges, to promote sustainable industry and support innovation through a stimulating environment for the development of industries and the development of mutual partnerships, and to present the strength of the Egyptian industry, which is one of the most important sectors of the economy, and to put forward the Egyptian development projects implemented by the state, including : (Presidential initiative “Dignified Life” for the development of the Egyptian countryside, land reclamation “Toshka and the new delta project”, desalination plants, new cities), and other major development projects, as well as attracting new industrial investments that serve the efforts of the state in the development process.

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