Sisi orders accurate inventory of unused land slotted for manufacturing activities

Ahram Online , Saturday 20 Mar 2021

The reliance on local manufacturing would help achieve self-sufficiency in local products and slash the country’s import bill, he added

Sisi
President Sisi with PM Mostafa Madbouly and Industry and Trade Minister Nevine Gamea (Courtesy of the Egyptian presidency)

Egyptian President Abdel-Fattah El-Sisi ordered on Saturday an accurate inventory of land that has not been used as previously planned for industrial activities.

The presidency said in an official statement that El-Sisi has asked officials to review the best means to make use of the unused plots according to the developmental and investment needs in every governorate.

He ordered continued efforts to establish industrial complexes nationwide to strengthen the role of national industries as an engine for economic development.

His directives came during a meeting with Prime Minister Mostafa Madbouly and Minister of Industry and Trade Nevine Gamea.

The meeting reviewed efforts of import substitution and increasing reliance on local manufacturing.

El-Sisi also directed increasing local manufacturing and the adaptation of technology to meet the needs of the market amid growing production requirements for national projects in all fields.

He also highlighted the need to bridge the gap between imports and exports.

The reliance on local manufacturing would help achieve self-sufficiency in local products and slash the country’s import bill, he added.

Gamea briefed the president on the state of existing industrial complexes, the statement said.

She also reviewed steps by the ministry to encourage reliance on local industries.

These steps - undertaken with several concerned bodies - aim to maximise local components in manufacturing, including pushing local manufacturing to supply needs for various developmental projects.

These development projects include developing rural villages and establishing small and medium sized enterprises in them, she said.

Short link: