Egypt’s President Abdel Fattah Al-Sisi met on Wednesday with Prime Minister Mostafa Madbouly, to follow up on the unification of the state bodies dealing with investors and boosting the industrial sector.
The meeting was attended by Minister of Housing Assem El-Gazzar, Minister of Trade and Industry Ahmed Samir, Commander of the Strategic Command and Military Industrialization General Ahmed Khaled, and Major General Amir Sayed Ahmed, Presidential Advisor for urban planning.
Ahmed Fahmy, the spokesperson of the Egyptian presidency, said that the meeting comes within the framework of following up on the implementation of the president’s directives to overcome the obstacles and chronic challenges facing the industrial sector.
The president was briefed on the most important steps and procedures being implemented, the most important of which are the simplification and mechanization of tangled bureaucratic procedures to encourage existing and new industrial investments, and upgrading the management and governance systems of industrial facilities.
The meeting also discussed ways to reduce time and effort, facilitate the procedures for obtaining industrial licenses, and activate the industrial investment map as a platform for allocating industrial land nationwide.
In the same context, the Al-Sisi, Madbouly, and Samir discussed efforts to benefit from the industrial parks system and followed up on the implementation of targeted activities in those complexes.
The president was also briefed on the efforts of communication and cooperation with the industrial private sector, both Egyptian and international companies, and the measures being taken to increase industrial investments.
AL-Sisi directed continued efforts to expand the existing industrial production, by working tirelessly to overcome the obstacles and structural challenges facing industrial investment in Egypt.
The president also stressed the continuation of enhancing the role and contribution of the private sector, with the aim of establishing successful and sustainable Egyptian industrial entities, which positively contribute to boosting the national economy and achieving comprehensive development.