Egypt committed to increasing UNIDO programmes to meet country’s industrial development goals

Egypt committed to increasing UNIDO programmes to meet country’s industrial development goals

CAIRO, 13 December 2018 – In his discussion with LI Yong, the Director General of the United Nations Industrial Development Organization (UNIDO), President Abdel Fattah El-Sisi reiterated Egypt’s commitment to increasing UNIDO programmes to meet Egypt’s industrial development goals. “The economic reform that Egypt is undertaking depends very much on industrialization and industrial development,” said the President.

“UNIDO can provide practical and relevant solutions to support Egypt’s industrialization goals,” said Li. “My organization is committed to scaling up the size of our work to contribute even more to the economic reform efforts and remarkable results already achieved within the framework of Egypt’s Vision 2030 for development.”

Prime Minister Mostafa Kemal Madbouly thanked UNIDO for choosing Egypt as the next country to implement a UNIDO Programme for Country Partnership (PCP): “The Government is committed to have full ownership of the PCP; this new phase of collaboration will further mobilize UNIDO’s expertise towards Egypt’s national development agenda and will focus on sectors with high growth potential.”

The UNIDO Director General emphasized UNIDO’s readiness to proceed with a PCP, the organization’s innovative model for accelerating inclusive and sustainable industrial development that is aligned with the national development agenda. The PCP will support Egypt in achieving its industrial development goals by leveraging additional investment in sectors with high growth potential and the capacity to generate quality jobs.

In addition, Li met the Minister of Trade and Industry, the Minister of Finance, the Minister of Planning, the Minister of Foreign Affairs, the Minister of Investment and International Cooperation, and the Minister of Public Business Sector. Furthermore, the UNIDO Director General had the opportunity to exchange with representatives from the private sector, the donor community and other development partners, including Hani Salem Sonbol, CEO of the International Islamic Trade Finance Corporation. “The private sector plays a crucial role in fostering economic development,” said Li. “At the same time, we need to use resources efficiently, and foster green industrialization.”

At the 2018 Intra-African Trade Fair, the Director General signed a joint declaration with President and Chairman of Afreximbank Dr. Benedict Okey Orama, which focuses on joint cooperation in the areas of value addition, trade linkages and market access for African industries.

The Director General was given the opportunity to visit the government’s newly established investment services centre as well as the Suez Canal Authority Headquarters, where Admiral Mohab Mamish, Chairman of the Suez Canal Authority, introduced the Canal’s economic zone.

Find out more about the DG’s mission to Egypt here.

For more information, please contact:

Bassel Alkhatib

Chief

UNIDO Regional Division - Arab Region

Email

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