The head of the Egyptian Federation of Industries reveals the date of the decline in the prices of materials prime

The head of the Egyptian Federation of Industries, Mohamed Zaki Al-Suwaidi, said the private sector in Egypt is going to raise the minimum wage by 300 pounds, in similarly to the government decision that was recently implemented.

Al-Suwaidi added during the opening of the International Industry Forum today Saturday: “We, as the private sector, will raise the minimum wage, and this is our social role that has been entrusted to us.”

On Wednesday, the Egyptian government announced a new £ 67 billion social protection package in the country, which includes raising the minimum wage. in Egypt at £ 3,000 a month instead of £ 2,700.

Al-Suwaidi explained that the prices of goods and merchandise will decline within two to three months, as the release of goods from Egyptian ports accelerates, according to the newspaper Al-Masry Al-Youm.

Regarding the existence of the gold license, the head of the Federation of Industries has expressed his willingness to grant tale license to all factories.

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