Egyptian State Minister of Military Production Mohamed Salahuddin Moustafa reviewed performance of companies and units affiliated to the ministry which earned revenues of LE26.7 billion last fiscal year.
This remark came during the three-day general assembly of ministry affiliates for the final account for fiscal year 2021-2022.
The minister, who chaired the meeting, reviewed the firms’ performance, revenues, production and sales totals, the profit-and-loss account and employee salaries.
Moustafa instructed the companies to benefit from technologies, financial and human resources and increase performance levels and productivity.
The minister stated the importance of accelerating the implementation of development projects by affiliates according to schedules set for each project.
The ministry is the first cornerstone of the military production and one of the most important industrial arms of the state, Moustafa said.
