Dr. Hani Obeid, a strategic planning and entrepreneurship consultant, stressed that comprehensive planning is crucial for the success of any industrial project, regardless of its size. He noted that a thorough plan, which includes market research, resource allocation, and supply chain management, is essential for achieving profits and sustainability in today's competitive global market. According to Dr. Obeid, this approach enables businesses to make informed decisions and adapt to changing market conditions.
Dr. Obeid discussed Egypt's ambitious strategy to increase exports to $100 billion by focusing on the manufacturing sector. He highlighted the government's initiatives, such as offering 152 investment opportunities and establishing 17 ready-made industrial complexes, as key steps in supporting small and medium-sized enterprises. These efforts aim to promote the localization of feeder industries and alleviate obstacles for small investors, ultimately contributing to the country's economic growth.
The expert emphasized the vital role of small and medium-sized enterprises in driving Egypt's economy. He pointed out that these enterprises account for approximately 75% of the workforce, making them a primary tool for reducing unemployment rates. Dr. Obeid also stressed the need to address financing challenges, such as high interest rates and lengthy loan procedures, which can hinder the growth of these businesses.
To overcome these challenges, Dr. Obeid called for more facilitations and continuous training for young entrepreneurs to ensure their competitiveness in the global market. He believes that providing the necessary support and resources will enable them to produce high-quality products and services that meet international standards. This, in turn, will help Egypt's economy become more competitive and attractive to foreign investors.
The Egyptian government has been working to create a favorable business environment, with a focus on promoting entrepreneurship and innovation. Dr. Obeid's comments align with these efforts, highlighting the importance of strategic planning and support for small and medium-sized enterprises. By fostering a culture of entrepreneurship and providing the necessary resources, Egypt aims to become a hub for business and investment in the region.
Dr. Obeid's statements were made during an interview with the Egyptian Radio and Television Union's program, "Sabahna Masry." The program, which airs daily on Egyptian television, features discussions on various topics related to economics, politics, and social issues. The program's host, Dina Hussein, engages with experts and policymakers to provide insights and analysis on current events.
The discussion on strategic planning and entrepreneurship comes at a time when Egypt is seeking to bolster its economy and attract foreign investment. With a focus on promoting small and medium-sized enterprises, the government aims to create jobs, stimulate economic growth, and increase its global competitiveness. By supporting these businesses and providing the necessary resources, Egypt can unlock its full potential and become a major player in the regional economy.
Key points
- Dr. Hani Obeid emphasizes the importance of strategic planning for industrial projects.
- Egypt aims to increase exports to $100 billion by focusing on the manufacturing sector.
- Small and medium-sized enterprises account for approximately 75% of the workforce in Egypt.
