Today, Thursday, Industry Minister Ahmed Zugdar clarified that the installation of sectoral committees would formulate program contracts according to each industrial branch in a participatory manner, which would allow for the promotion of the activities of the industrial sectors.
In his opening speech during the national symposium on establishing a system of governance and the neighborhood between public authorities and economic operators, the minister explained that the goal of setting up sectoral committees lies in opening the way for various actors to contribute to strategic decision-making and formulating their aspirations and needs through the formulation of program contracts according to each branch.
At that time, Zaghdar adds, “the industrial development strategy will not be limited to the scope of the enterprise or industrial complexes, but will include the entire network of the industrial branch.”
He also announced that this approach will be gradually put into practice, as during the symposium, as a first stage, four sub-committees were established for the food industries, the mechanical industries, the electrical/electronic industries, and the textile and leather industries.
According to the minister, the selection of these sectors “came first as a justification for these branches to reach a very advanced organizational level in view of the role they play in the development of the national industry, through what the industry’s ratio represents to the national income of each branch.”
It also came to achieve the desired goal by the government of valuing national production, promoting investment, reducing the import bill and integrating institutions into the international economic ecosystem, which will allow achieving the goal of raising industrial GDP to 10 and 15 percent and transforming the structure of the national economy.
Zaghdar added that one of the objectives of this approach is to promote the application of the principles of the corporate governance system, as it is “one of the most important and necessary processes necessary for the good work of companies and the assurance of the integrity of management in them.”
He also considered that the importance of implementing corporate governance is not limited to companies, but extends to the national economy in general through its direct impact on attracting investments, supporting the economy and the ability to compete in the long term.