Minister of Trade and Industry Neveen Gamea said on Saturday that her ministry is keen on attracting new local and foreign investments to the industrial sector.
We are focusing, she said, on industries that add value and advance local production.
“This will contribute to increasing the competitiveness of Egyptian products in local and foreign markets,” the minister said.
She added during a tour of a number of factories in Qift, a town of the southern Governorate of Qena, that the political leadership pays special attention to industry.
Minister Gamea said the political leadership considers industry a driving force of economic development in Egypt.
“President Sisi instructed the government to take measures to encourage local products and to give them priority in projects implemented by the government, including the ‘Decent Life’ project for the development of the Egyptian countryside,” the minister said.
She added that the president also asked the government to take measures to expand the manufacture of production requirements with the aim of reducing imports and the import bill.
The government, the minister said, is keen on offering facilities and incentives to investors who want to launch new projects that increase the competitiveness of Egyptian industry and create jobs for young people.
Gamea’s tour in Qift took her to several industrial facilities, including a rolling plant constructed over 62,000 square metres of land.
