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Sisi urges continuing efforts to localise manufacturing, back national heavy industries

Sisi affirmed that the cement and iron and steel industries should be at the forefront of localisation efforts

Ahram Online , MENA , Monday 5 Apr 2021
Meeting
President Abdel-Fattah El-Sisi with Presidential Adviser for National and Strategic Projects Sherif Ismail and the ministers of electricity, trade and industry, finance, petroleum and mineral resources during the meeting on Sunday 4 April 2021.
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Egyptian President Abdel-Fattah El-Sisi directed on Sunday the continuation of efforts to localise manufaturing and the provision of a supportive environment for the national heavy industries sector.

In a meeting with Prime Minister Mostafa Madbouly and officials, El-Sisi affirmed that the cement and iron and steel industries should be at the forefront of localisation efforts, Presidential Spokesman Bassam Rady said in a statement.

He noted that these industries play a vital role in enhancing the state’s national economy.

El-Sisi directed the government to support national heavy industries, asserting their vital role in ongoing urban development projects nationwide.

Presidential Adviser for National and Strategic Projects Sherif Ismail and the ministers of electricity, trade and industry, finance, and petroleum and mineral resources attended the meeting.

The meeting discussed the executive steps taken by the government to improve the cement and iron and steel industries, as well as the challenges facing both sectors, especially those related to production capacity, production costs, and marketing.

El-Sisi also discussed with officials ways to overcome these challenges by adopting an integrated multi-dimensional policy aiming to entrench local components in Egyptian products, boosting competitiveness and ironing out relevant logistical problems, Rady added.

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