Hussein Eissa, Deputy Prime Minister for Economic Affairs, said the government is continuing its efforts to support economic and industrial development across Egypt’s governorates, stressing that industry remains one of the main drivers of economic growth. He said expanding production, deepening industrialisation, and increasing added value are key pillars for enhancing the competitiveness of the Egyptian economy and strengthening its access to international markets.
His remarks came during a meeting with Gharbeya Governor Alaa Abdel Moaty at the governorate’s headquarters at the start of a visit that included tours of several industrial and production projects.
The meeting reviewed a number of priority economic and development files, including efforts to support industrial and investment activity in Gharbeya and maximise its productive assets and capabilities. Discussions also focused on increasing production, creating more jobs, attracting additional investments, and strengthening the contribution of the industrial sector to the national economy. The meeting was attended by Mohamed Shoaib, Secretary-General of Gharbeya.
Eissa stressed the importance of making full use of Gharbeya’s economic and investment potential by attracting new investments and expanding value-added production projects. He said these efforts would strengthen the governorate’s industrial and productive base, create additional employment opportunities, and support sustainable economic development.
He noted that the development project at Misr Spinning and Weaving Company in El Mahalla El Kubra represents one of the cornerstones of the national programme to modernise Egypt’s textile industry. The project accounts for around 40% of the total investments allocated to the nationwide modernisation programme, reflecting the company’s scale and strategic importance within the sector.
Eissa added that the project is expected to deliver a qualitative leap in the company’s production capabilities by improving operational efficiency and introducing the latest global technologies. He said this would enhance the company’s competitiveness in both domestic and international markets while supporting the state’s efforts to maximise the value of Egypt’s comparative advantages in the textile industry, foremost among them Egyptian cotton.
The Deputy Prime Minister also stressed the importance of continued coordination among relevant authorities, removing obstacles facing investors, improving the business environment, and expanding private sector participation in economic activity. He underscored the need for continuous follow-up of ongoing production and investment projects in the governorate to ensure the achievement of targeted economic and development goals.
For his part, Abdel Moaty said the visit reflects the state’s commitment to advancing economic development and supporting the industrial sector as one of the principal pillars of growth. He noted that, with its long-established industrial base and diverse production zones, Gharbeya is continuing to attract new investments and build a business environment capable of supporting production and industrial expansion.
The governor added that the current phase requires maximising the utilisation of existing industrial capabilities and expanding value-added production projects. He said the governorate is coordinating with all relevant authorities to remove obstacles facing investors and provide the necessary support to encourage industrial investment, increase production and employment, and enhance the competitiveness of Egyptian industry, in line with the political leadership’s vision of building a strong, production-based economy.
