Egyptian President Abdel Fattah El Sisi asserted on Tuesday that the state is moving on a different track with the aim of possessing real economic pillars and benefiting from the geographical location as well as accomplishing projects at lower costs.
Speaking during a visit to Alexandria Port to check on the work progress there, Sisi said that the state intervenes to solve all problems related to mega projects and its expansion such as the state’s expropriation of property and compensation for citizens, noting that such intervention helped in finalizing projects according to set schedules.
During the visit, President Sisi received firsthand information about work to upgrade its multi-purpose logistics station, docks and advanced warehouses.
The president noted that the state eases the challenges facing investors, including the need to expropriate the buildings around projects and compensate residents.
The president also called on the government to achieve the full automation with providing LE100 billion for that purpose to facilitate services offered to citizens and curb graft.
He reaffirmed that all goods imported into Egypt must meet international standards and classifications.
By March 22, Egypt will not allow the entry of any goods unless they are in line with European standards, Sisi said.
The president highlighted Egypt’s steps towards the “full automation” of customs and taxes procedures, saying it is the way to fight corruption.
The president called on Prime Minister Moustafa Madbouli and Finance Minister Mohamed Maeet to introduce the automation plan applied in the world to Egypt in order to allow import and export companies to get approvals necessary for shipping goods instead of storing them at ports.
He said the automation plan will boost the state ability to control the movement of imported and exported goods and prevent imports of illegal and risky items such as narcotics.
The president added the new automation system will give a chance to importers to address the companies which, for their part, will address the customs departments to get approvals necessary for imports and exports.
Source: The Egyptian Gazette
