Egypt’s President
Abdel Fattah El-Sisi called for enhancing the pace of industry localization in
the transport sector, including through increasing the local components’ share
in production and providing the necessary facilities.
This came during a
meeting that President Sisi called on Monday with Prime Minister Mustafa
Madbouli, Planning and Economic Development Minister Hala el-Saeed, Finance
Minister Mohamed Maeet, and Transport Minister Kamel el-Wazir.
The meeting was
devoted to reviewing the executive status of the investment plan for transport
sector projects, Presidency Spokesman Fahmy said. During the meeting, he added,
President Sisi was briefed on the progress of efforts to develop the railway
system, upgrade metro lines in Greater Cairo and establish, modernize, and
operate ports across the country in partnership with several international
companies.
Also reviewed during
the meeting were the government’s efforts to localize the industries of
relevance to the transport sector including through building partnerships with
the private sector and attracting foreign investments, Spokesman Fahmy said.
In directives he
gave during the meeting, President Sisi called for sustained efforts to enhance
the process of industry localization in Egypt’s transport sector and increasing
the percentage of local components, in addition to the provision of the facilities
deemed necessary, Presidency Spokesman Ahmed Fahmy said.
All such efforts,
President Sisi emphasized, contribute to the implementation of the state’s
strategy for enhancing national industry in productive sectors, thereby
ensuring optimum benefiting from the infrastructure that has been upgraded and
modernized nation-wide, Spokesman Fahmy said.
Additionally, the
president urged the swift completion of the construction and development of
maritime, land, and dry ports, as well as logistic zones, to encourage transit
trade and help the growth of Egyptian exports.
Elaborating,
President Sisi emphasized that the aim is to transform Egypt into a regional
hub for logistics and transit trade, consequently more employment opportunities
for citizens and driving comprehensive economic and social development efforts,
Spokesman Fahmy said.
Source: The Egyptian
Gazette
