Sisi calls for optimising Egypt's industrial capacities

Egypt's President Abdel Fattah El Sisi has called for optimising the state's industrial capacities through supporting the sector of national industries and consolidating partnership with the private sector.

The president's call came in directives he gave during a meeting with Prime Minister Moustafa Madbouli and Trade and Industry Minister Ahmed Samir on Monday, Presidency Spokesman Ambassador Bassam Radi said.

The meeting was devoted to a review of the Trade and Industry Ministry's plan to increase industrial investments and boosting the productivity of industrial complexes.

In the course of the review, President Sisi gave directives to the Trade and Industry Ministry to simplify the procedures related to industrial investments, Spokesman Radi said.

The directives, he added, also called for maintaining continuous and regular communication with the community of local businessmen of experience in management governance and distinguished production in order to identify the challenges facing them and providing speedy solutions that overcome any obstacles in this regard.

During the meeting, the president highlighted the importance of supporting the industrial sector and strengthening partnership with the private sector in an effort to promote the state's capacities in the industrial field, Spokesman Radi said.

Regarding industrial complexes nationwide, the president gave directives for enhancing their activities in a way that leads to reaching the maximum possible extent of their industrial production capacity, Spokesman Radi said.

President Sisi also called for overcoming any obstacles that young investors may face, especially in the case of small and medium-sized industries. The president urged that action in this direction be paired with launching promotional programmes and expanding database governance and automation, thereby ensuring the provision of the exact and precise information that can promote the chances of realising success.

In a presentation during the meeting, Minister Samir outlined the status of benefiting from the system of industrial complexes in all governorates, noting that there are 16 such complexes that group 4,808 industrial units. He also presented the ministry's efforts to follow up the implementation of the activities targeted at those complexes, the spokesman said.

Minister Samir then reviewed the ministry's proposals for supporting and stimulating industrial activities at the national level. He made special reference in this regard to the promotion of industrial investment operations, which would reflect positively on the performance of industrial sectors in addition to overcoming, through interdepartmental coordination, the obstacles they face, thereby improving the industrial investment climate, the spokesman said.