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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