PM outlines strategy to bolster Egypt’s business appeal
Egypt’s Prime Minister Moustafa Madbouli has reaffirmed that the state is working to remove obstacles across various sectors while creating a more attractive business environment.
The premier’s remarks were made during his tour on Saturday of several industrial companies in Benha investment zone, Qalyubia Governorate. Madbouli was accompanied by Minister of Investment and Foreign Trade, Mohamed Farid, Minister of Industry Khaled Hashem, and Qalyubia Governor Hossam Abdel Fattah.
The tour aims to support the local investment climate, remove obstacles facing investors, and boost exports.
The prime minister has made it clear that the government is stepping up efforts to localize industry in partnership with the private sector, while boosting domestic investment and attracting foreign and Arab capital, to position Egypt as a regional industrial hub.
Madbouli said that President Abdel Fattah El Sisi inaugurated the Benha investment zone to support economic and social development. The goal, he added, is to attract foreign investment, encourage local projects, and create jobs. The zone focuses on food and agricultural industries to meet local demand and support exports.
Madbouli noted the area was empty just a few years ago. According to him, it is one of several key investment zones established by the state at present. These zones support small and medium-sized enterprises and offer food products at lower costs. They also help producers manufacture at reasonable costs and contribute to price stability.
He pointed out that the government would continue supporting investors and facilitating industrial expansion to ensure market supply and stable prices.
During the tour, the prime minister inspected the Verdi Foods factory for food industries.
Madbouli was briefed by Eng. Hossam Galal, Managing Director of the company, who explained that the factory is built on an area of 1,800 square metres. Its core operations include the preparation, processing, packaging, and preservation of fruits, vegetables, legumes, and pickled products.
The factory’s daily output stands at 10 tonnes of automatically packaged fruits and vegetables, with total annual production reaching 3,000 tonnes. Plans are currently underway to expand capacity to 4,500 tonnes per year.
Prime Minister Madbouli, accompanied by senior officials, also inspected El Ghazy Dairy Products Factory during his visit to the investment zone in Benha.
the prime minister received a detailed briefing from the factory’s Board chairman, Ahmed Ghazi, noting that the factory spans an area of 1,440 square metres. Its main activities include the production of dairy products and other food items.
He also toured Al-Tahan Company, which specialises in the production and packaging of dates.
The prime minister stressed the Egyptian government’s commitment to advancing the dates sector, highlighting its potential to create jobs, boost exports, and achieve the desired economic and social development. He noted that this focus aligns with the state’s ongoing implementation of major modern projects under presidential directives.
Madbouli received a detailed briefing from Ali Fouda, the company’s Development Director, on the diverse dates production lines, including current production and export levels.
Fouda explained that the factory covers an area of 1,080 square metres and currently employs 200 workers, with plans to expand the workforce to 250. He noted that the average annual production reaches 1,160 tonnes, while monthly production averages 96 tonnes.
