Egypt’s President Abdel Fattah El-Sisi attended Saturday the inauguration of the first international forum and exhibition for industry. The event is organised by the Federation of Egyptian Industries (FEI) at Al Manara International Conference Center to celebrate the 100th anniversary of its establishment.
The forum was attended by Prime Minister Mustafa Madbouli and a number of ministers and senior state officials.
A documentary was screened on the history of the industry globally during the industrial revolution in 1750. It pointed out that world countries have been seeking to localize and strengthen industries and depend on local efforts to bridge any gaps.
Egypt was capable of absorbing crises, thanks to tireless and painstaking efforts exerted by the state over the past years, it noted.
The Gross Domestic Product reached up to 400 billion dollars in 2021, according to it.
President Abdel Fattah El-Sisi’s era has witnessed the independence of the Federation of Egyptian Industries for first time ever to become a direct partner with the state, said FEI Chairman Mohamed el Sewedy.
Sewedy made remarks on Saturday at the three-day first international forum and exhibition for industry, in the presence of President Sisi at Al Manara International Conference Center in New Cairo.
The FEI had been affiliated to the government and the ministry of industry for several years, but it has become independent in President Sisi’s era, he said, extending thanks to the president over attending the 100th anniversary of the establishment of the federation.
The forum was attended by a large number of Egyptian, Arab and foreign investors, representatives of relevant regional and international institutions, members of joint Arab chambers of commerce and industry, representatives of diplomatic missions in Egypt, businessmen and the board of the Federation of Egyptian Industries (FEI), among others.
Source: The Egyptian Gazette
