Minister of Industry Khaled Hashem said in the opening session of the 19th Arab Steel Summit in Cairo that Egypt attaches great importance to developing its iron and steel industry and enhancing its competitiveness. He described the sector as a key pillar in building an integrated industrial base and supporting sustainable economic growth.
He said this year’s summit is held at a time when the global steel industry is undergoing rapid changes, driven by shifts in international trade patterns and challenges related to energy and production input availability.
These developments make it essential to step up joint efforts to build a more competitive and sustainable Arab steel industry capable of adapting to global changes through greater support for scientific research and industrial integration, he added.
Hashem noted that the iron and steel sector is a major driver of development, given its close links with construction, infrastructure, engineering industries and the automotive sector.
As part of its updated strategy to localise manufacturing, increase added value and boost exports, the Ministry of Industry’s is working to strengthen integration across different stages of production, encourage new investment and expand the adoption of modern technologies to ensure sustainable production, he said.
The minister highlighted the significant opportunities offered by the resources of Arab countries and their promising markets to strengthen co-operation and integration and expand partnerships in joint investment, regional supply chain development and technology transfer.
Hashem reaffirmed the Ministry of Industry’s commitment to continuing co-operation with the Arab Iron and Steel Union and all partners to support and develop this strategic industry, expand investment and industrial integration opportunities, increase added value, boost exports and create new jobs.
On the sidelines of the 19th Arab Steel Summit, Hashem also inaugurated the accompanying International Iron and Steel Exhibition, which has attracted wide participation from companies and institutions representing various Arab countries.
It offers opportunities for direct engagement among manufacturers, suppliers and investors, thus helping foster strategic partnerships, strengthen supply chains and enhance the global competitiveness of the Arab steel industry.
