Ahmed Abdul Razek, chairman of the General Authority for Industrial Development, will reach the retirement age this month amid reports that Minister of Trade and Industry Amr Nassar has not renewed his term.
The sources said in a special statement to «Egyptian Today», Sunday, that «there is more than a name is currently before the minister from within and outside the Commission, is currently reviewing the selection of the most appropriate and closer to the realization of the vision of the Minister in the development and modernization».

In the recent period, Abdul Razek has been criticized for his "expansion in the recruitment of consultants from outside the body. The number of consultants is close to 15, most of whom are not directly related to the industrial sector. They have no experience or precedent in developing institutional work within the industrial entities. In the oil sector, which raised widespread resentment in the corridors of employees in the governmental body, in addition to the budget load of the Authority for additional costs as a result of the increase in the salaries of advisers, at the expense of directing these funds to items related to the efficiency of staff in the departments, which deal directly with investors, The employee Yen.

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The Chamber is established by the Republican Decree No. 453 of 1958, which is one of the 20 industrial chambers of the Federation of Egyptian Industries, which includes about 4000 members, by virtue of the establishment decision, it covers the engineering industries sector in Egypt through 10 divisions.

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