Meeting with Prime Minister Mustafa Madbouli and Minister of
Trade and Industry Nevine Gamea, President Abdel Fattah El Sisi urged the
government to facilitate contracting procedures for owning units at the
industrial complex across the nation.
Sisi directed the government, during the meeting, to cancel or reduce fees in some contract clauses, in a bid to back young investors in small and medium enterprises, provide job opportunities and promote local production, the Presidency said in a statement on Monday.
The meeting discussed key axes of the industry ministry projects, especially
regarding efforts to enhance local production and achieve benefit from
industrial complexes across the country and the national programs to increase
exports.
During the meeting, Gamea reviewed the current executive status in relation to
the establishment of industrial complexes spread across the country, the basic
criteria set for selecting the targeted industrial activities - which are
mainly based on providing direct and indirect job opportunities - in addition
to the competitive components, capabilities and advantages of governorates.
She also reviewed her ministry’s program to boost exports and financial
allocations, especially with regard to opening new markets in Africa through
investment projects that could be established in coordination with the
ministries and authorities concerned.
The meeting tackled promoting Egyptian investments in Africa, including marble
and granite products produced at Galala complex, in addition to transferring
technology, and increasing trade exchange with African countries, at the
bilateral and regional levels.
In this regard, Sisi directed the government to provide all means of support
with regard to increasing Egyptian exports to African markets according to
their needs, particularly as regards removing logistical obstacles, and
facilitating the shipment of exports.
Source: Egypt Today
