All rights reserved to the presidency Copyright © 2020
Saturday, 20 March 2021 / 02:17 PM
President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly and Minister of Trade and Industry Ms. Nevine Gamea.
The Spokesman for the Egyptian Presidency stated that the meeting discussed efforts to encourage replacing foreign imports with domestic production. They also presented developments in the industrial complexes being established nationwide.
President El-Sisi gave directives for promoting domestic production and strengthening efforts to localize technology in order to meet the needs of the local market, in light of the increasing production requirements of national projects in all fields.
Fostering local production would help bridge the gap between exports and imports and achieve self-sufficiency in local products, thus reducing the import bill for industry inputs in particular.
The President also called for conducting a comprehensive review and making precise enumeration of the land plots that were previously allocated to the industrial activities and have not been exploited.
In this regard, His Excellency called for studying the best ways to make good use of these land plots, in light of the actual investment and development needs of each governorate. The need to continue efforts aimed to establish industrial complexes nationwide was stressed since national industry is the basis of economic development.
Ms. Gamea presented the on-the-ground status of the industrial complexes under way in all the governorates of Egypt. She also presented the follow-up efforts pertaining to the implementation of the target activities in these complexes and the actual achievement rates in them.
Ms. Gamea also showcased the operational steps taken by the Ministry of Trade to encourage dependence on local industry. These steps were taken by the Ministry of Trade and Industry in cooperation and coordination with all concerned government agencies.
It was further noted that these efforts aim to foster local production to provide the national development projects with their requirements, especially those related to the development of the villages of the Egyptian countryside.
The steps taken also would help support small and medium enterprises in accordance with the economic fundamentals and investment opportunities in each village.
Saturday, 20 March 2021 / 02:17 PM
President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly and Minister of Trade and Industry Ms. Nevine Gamea.
The Spokesman for the Egyptian Presidency stated that the meeting discussed efforts to encourage replacing foreign imports with domestic production. They also presented developments in the industrial complexes being established nationwide.
President El-Sisi gave directives for promoting domestic production and strengthening efforts to localize technology in order to meet the needs of the local market, in light of the increasing production requirements of national projects in all fields.
Fostering local production would help bridge the gap between exports and imports and achieve self-sufficiency in local products, thus reducing the import bill for industry inputs in particular.
The President also called for conducting a comprehensive review and making precise enumeration of the land plots that were previously allocated to the industrial activities and have not been exploited.
In this regard, His Excellency called for studying the best ways to make good use of these land plots, in light of the actual investment and development needs of each governorate. The need to continue efforts aimed to establish industrial complexes nationwide was stressed since national industry is the basis of economic development.
Ms. Gamea presented the on-the-ground status of the industrial complexes under way in all the governorates of Egypt. She also presented the follow-up efforts pertaining to the implementation of the target activities in these complexes and the actual achievement rates in them.
Ms. Gamea also showcased the operational steps taken by the Ministry of Trade to encourage dependence on local industry. These steps were taken by the Ministry of Trade and Industry in cooperation and coordination with all concerned government agencies.
It was further noted that these efforts aim to foster local production to provide the national development projects with their requirements, especially those related to the development of the villages of the Egyptian countryside.
The steps taken also would help support small and medium enterprises in accordance with the economic fundamentals and investment opportunities in each village.
All rights reserved to the presidency Copyright © 2020
All rights reserved to the presidency Copyright © 2020