ARTI Egitto definitivo - ARTI Puglia
ARTI Egitto definitivo - ARTI Puglia
ARTI Egitto definitivo - ARTI Puglia
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2.4. Recent Industrial Programs<br />
2.4.1. The one thousand factories program<br />
The program which will been carried out during 2006-11 aims at encouraging the<br />
partnership between the private sector and the bank sector to build one thousand large<br />
factories subject to international standards and expanding the present factories with<br />
investments higher than LE 15 million.<br />
The year 2006 has witnessed an involvement with 110 large factories with an<br />
implementation rate of 122 percent within the period January – September.<br />
The number of new factories that began production reached 62 factories while 48 factories<br />
have witnessed expansion with a rate of 43% . The investment costs reached LE 5644<br />
million. The cost of the new factories was LE 3599 and the expansion cost was about LE<br />
2045 million. This activity provided 26128 extra jobs with 17197 jobs in the new factories .<br />
2.4.2. Business market program<br />
The program aims at financing 2000 small and overage projects in the fields of industry and<br />
productive services that have the ability of quick operation. Their investments range from<br />
LE 5 million to LE 15 million for the average project and less than LE 5 million for the small<br />
one. The number implemented factories during the period January-September/2006<br />
reached 436 projects.<br />
2.4.3. The Egyptian industry modernization Program<br />
In the framework of Egyptian –European partnership, Egypt began to implement the<br />
modernization program since the fiscal year 2002/03. The program aims at increasing the<br />
competitiveness of Egyptian products to allow the country to be integrated within the<br />
global economy. This will lead to the increase of the industrial export volume and the<br />
creation of more jobs.<br />
The modernization program costs 437 million EURO, the European Union contributed 250<br />
million euros or 59 percent of the total cost. The program has benefited 430 industrial<br />
facilities during the first three years. The Industrial Modernization Center (IMC) has<br />
assumed the full supervision on implementing the program since 2005/06. The center<br />
succeeded in implementing the program in 3400 facilities within the modernization plan<br />
with a financing volume of 146 million EURO during this year. 145.6 million EURO were<br />
allocated to finance the modernization program during 2006/07 to allow a total of 7300<br />
facilities to have benefited from the program.<br />
The IMC, in cooperation with the Union of Industries and the banking system, plan to pump<br />
LE 70 billion to finance the implementation of the 1000 factories program during<br />
2005/2011. This will participate in raising the industrial growth rate from 5 percent to 9<br />
percent within this period and will increase direct job opportunities by 1.5 million. The job<br />
opportunities will thus increase from 2.4 million to 3.9 million. Industrial exports are<br />
expected to increase from LE 18 billion to LE 42 billion within the mentioned period.<br />
2.5. Protecting The Environment<br />
26<br />
THE RESEARCH AND INNOVATION SYSTEM IN EGYPT