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Tuesday, 12 November 2019

Sisi follows up government efforts to upgrade spinning and weaving industry

MENA , Saturday 28 Sep 2019
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President Abdel Fattah El Sisi has urged the government to continue its efforts for upgrading Egypt's spinning and weaving industry to regain its prominence.

This came during a meeting the President held Saturday with Prime Minister Mostafa Madbouli, Minister of Public Business Sector Hisham Tawfiq and the presidential adviser for urban planning.

Sisi directed the government to keep up the comprehensive reforms in the state's public business sector to assume its role in promoting economic growth and sustainable development.

The president also called for setting up accurate databases including all the sector's assets to maximize their investment benefits, Presidential Spokesman Bassam Rady said.

During the meeting, Tawfiq posted the president on his ministry's efforts to improve the textile industry, reviewing the assets of public business companies nationwide.

Commending the ministry's efforts on that score, Tawfiq emphasized that these efforts are based on a number of fundamental principles, i.e protecting 
public funds and good management of state assets for the benefit of the national economy, Rady added.

Sisi highlighted Egypt's competitive advantages in terms of cotton production at the global level. 

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