Thursday, February 25, 2021

“Shaq Al-Taban Investors” place hopes on “village development” to revive sales

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A large number of investors in the industrial zone in Shaq Al-Taaban have commented, hoping to stimulate sales, on the “Decent Life” initiative, which aims to develop villages.

Factory owners are seeking to overcome the recession that has affected the region for more than 10 months due to the negative repercussions resulting from the Corona pandemic.

Ihab Moussa, head of the Shaq al-Thu’ban Investors Association, said that the village development project, along with the infrastructure works, includes rebuilding dilapidated houses and thus will operate building materials factories in general, including marble and granite in Shaq al-Ta’ban area.

Moussa added to Al-Borsa that most of the existing projects in the region wish to contract with contracting companies to supply all their needs, and the Ministry of Trade and Industry should urge those companies to cooperate with Shaq Al-Taaban factories instead of limiting them to a certain number of factories in Badr Industrial Zone.

He explained that the region’s products were competing with all international products in terms of quality and price before 2011, but the economic changes that occurred in the recent period represented in the increase in the prices of petroleum products and electricity and the aspect of doubling the fees on factories, and then the Corona crisis led to its decline.

He called on Cairo governorate to communicate with investors, to know their problems and work to solve them, in order to preserve the existing investments in the region and to preserve the global reputation that it has gained since its work, and he also stressed the need to pay attention to workers, by providing them with health services due to the possibility of them being exposed to serious injuries during work.

President Abdel Fattah El-Sisi launched the Decent Life Initiative in early 2019 to improve the quality of life for the most needy community groups, and at the forefront of that initiative was the Egyptian Villages Development Project.

The project aims to improve the life of the citizens of the Egyptian countryside by developing 4,584 villages, representing 58% of the total population of the Republic, at an estimated cost of 515 billion EGP, provided that it includes services for utilities, infrastructure, economic development, and providing job opportunities for young Prime Time Zone through the establishment of industrial complexes.

Khaled Amr, one of the region’s investors, called for the government’s support for Shaq El-Taaban factories during the current period, to preserve production capacities and labor to avoid being closed due to the accumulation of financial burdens and the problems it faces due to Corona and the decline in the export movement.

He stated that working in the marble and granite sector is currently not feasible, in light of the high prices of production inputs, in addition to the doubling of the prices of raw materials after the amendment of the Mineral Resources Law, which raised fees.

Mohamed Khairy, an investor in Shaq El-Taaban, said that the decline in demand for marble products during the past months has pushed factories to e-marketing due to its importance in reviving the sales movement, but its results were not good due to the lack of seriousness of customers.

Khairy added that enabling factories to participate in national projects implemented by the state by setting certain conditions will contribute to the continuity of their work, especially since the region’s products are among the finest products in the world, as certified by the countries to which they are exported.

He called on contracting companies assigned to develop villages by contracting with the region’s factories and pledging to provide discounts of up to 20% on all products, in order to preserve employment and achieve a small profit margin that helps pay the state’s dues.

 

The article “Shaq Al-Taban Investors” pinning hopes on “Village Development” to boost sales was written in Al-Borsa newspaper.

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“Shaq Al-Taban Investors” place hopes on “village development” to revive sales