The PCP was signed by UNIDO director general Li Yong and Egyptian Prime Minister Mostafa Madbouly.
“By combining UNIDO’s advisory and normative services, its technical assistance and its convening function, the PCP will support the efforts of the Government of Egypt in achieving its industrial development goals set forth in the Sustainable Development Strategy: Egypt Vision 2030, the Roadmap for Inclusive and Sustainable Industrial Development 2020-2024, and the MSMEs and Entrepreneurship National Strategy 2020-2025”, said Yong. “Strong government leadership and a multi-stakeholder partnership are distinctive PCP features, which will integrate and mainstream development to spur industrial growth”.
Since December 2018, the Government of Egypt and UNIDO have worked closely to design and develop an integrated service package to leverage additional investment in sectors with high growth potential and the capacity to generate quality jobs.
“The Egyptian government emphasises the participatory efforts to make the most of the PCP as a national platform for integrating all industrial development projects, programmes and initiatives in cooperation with all development partners,” said Madbouly. “We look forward to the successful implementation of the programme in Egypt as an effective approach to solve structural issues that hinder the sector in its path to comprehensive and sustainable development”.
“We also aim at improving the sector's diversification and innovation capacity and enhance the competitiveness of our products in regional and global markets,” he added.
The PCP will focus on industrial policy and governance, investment promotion, green industry, smart cities and sustainable industrial parks, value chains, and mainstreaming Industry 4.0 in priority industrial sectors, including textiles, chemicals, leather, furniture, and handicrafts.
Fibre2Fashion News Desk (RKS)