The government opens a competitive index between the provinces to measure the efficiency of the governors

Economy and stock exchange

A memorandum of understanding was signed with the Information and Decision Support Center of the Council of Ministers and the Egyptian National Competitiveness Council on the initiative of measuring the competitiveness of the governorates within the framework of the vision of Egypt 2030 which aims at achieving a balanced and diversified competitive economy. The improvement of the business environment, the stimulation of innovation and entrepreneurs, which will affect Egypt's performance according to the overall competitiveness index.

According to a press release on Friday, the memorandum of understanding comes within the framework of the vision of Egypt 2030 and the state is directed towards supporting decentralization, pointing out that the real development takes place at the governorate level, and that each governorate has a certain competitive advantage. The level of governorates, so that investments are directed within the framework of the general plan of the state more efficiently with a focus on provinces that have greater development gaps.

And that through the competitiveness index there will be real competition between the provinces reflected on macroeconomic performance and also reflected on the quality of life of citizens and the services provided to them, noting that the cooperation between the various state institutions supports the thought and vision 2030, which is the cooperation between government institutions and different think tanks Civil society and the private sector based on genuine partnership between these parties.

Dr. Hossam Badrawi, Honorary President and Founding Member of the National Competitiveness Council, said that the signing represents the essence of Egypt's vision 2030. The government works with all sides of civil society and private sector. He pointed to the use of international standards and the development of local standards. , Stressing that the National Council for Competitiveness since its establishment plays an important and effective role in supporting the competitiveness of the Egyptian economy and is the first to call for the initiative to launch the "Competitiveness Index of the Governorates" as one of the initiatives related to the framework of the Egyptian competitiveness strategy. The Council was prepared by the Prime Minister during 2009, and later the initiative was presented during the eighth Egyptian Competitiveness Report, which was launched during 2010.

He added that this initiative is especially important at the national level because Egypt's Vision 2030 is based on a competitive and balanced economy and aims to promote Egypt's competitiveness by improving all competitive indicators.

Saif Fahmy, Chairman of the Egyptian National Competitiveness Council, stressed that enhancing Egypt's competitive performance is important as it contributes to sustainable economic growth that creates decent job opportunities and high incomes and improves the standard of living of citizens. By the state, giving a strong message to the international business community that Egypt has the ingredients to make it a distinct destination for investment.

The Council is the first non-governmental, non-profit organization to take responsibility for addressing the issues of competitiveness in Egypt and the Middle East, and the only institution that is competitive in terms of competitiveness. Which is gaining a growing role in achieving the development goals locally and internationally.

"This agreement will be an important step towards strengthening Egypt 's competitive performance and motivating the provinces to improve their competitive performance. Each governorate or region has unique competitive advantages over other regions," said Heba Zayed, Acting Executive Director of the National Competitiveness Council. There is a large gap in the competitive situation and development in Egypt, so this indicator will be used to determine the competitive advantages of productivity and competitiveness of each governorate, in a way that contributes to the guidance of appropriate economic policies towards local development and national investment plans, Your p generates high added value.

Dina Kafafi, the economic expert at the National Competitiveness Council, said that diversification of the Egyptian economy and its development compared to many other countries is conducive to achieving a more sustainable competitiveness if effective reform policies are implemented and that the improvement in the competitive situation positively reflects the performance of the Egyptian economy and its ability to develop national investments And attract foreign investments, which will provide decent work opportunities for the growing number of Egyptian youth who are included in the labor market annually. It will also expand the national production base, reduce the price increase and contribute to raising the standard of living of the Egyptian citizen.

– Economy