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Wednesday, 3 August 2016

Al Araby launches Egypt Vision 2030, Kabil launches “Proudly Made in Egypt” campaign

Trade and Industry Minister Tarek Kabil officially launched the “Proudly Made in Egypt” campaign yesterday, Al Masry Al Youm reported, positioning it as part of the government’s strategy to reach sustainable development by 2030 and expand industrial output by 10% annually by 2020. The Industrial Modernisation Centre (IMC) will be tasked with tagging goods with the “Proudly Made in Egypt” tag. IMC says companies seeking the label can apply for a two-year licence using their registration papers and it will physically assess their production in a process that should be completed in under four weeks.

Speaking of 2030: Planning Minister Ashraf El Araby officially launched the Egypt Vision 2030(pdf) program on Tuesday. First announced by President Abdel Fattah El Sisi in a speech in February, the plan, a key policy initiative of the Ismail cabinet, aims to boost GDP growth to 5.2% in this fiscal year, and 5.5-6% in FY2017-18, said Al Araby. He added that every government department has formed a working team to begin implementing Vision 2030.

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