Egypt’s President Abdel Fattah El Sisi directed the government to prepare an integrated package of incentives, facilitations and exemptions in a number of industrial and logistic areas in Egypt to encourage transit trade, manufacturing and exportation operations, and re-exportation.
This is meant to give momentum to various sectors and increase competitive advantages and magnify the benefit of the developed infrastructure in this regard, the president expounded.
He said this will contribute to boosting Egypt’s share in the global trade market and opening new markets for Egyptian products and exports.
Sisi made the remarks during a meeting on Saturday with Prime Minister Moustafa Madbouli and Transport Minister Kamel Wazir, Presidential Spokesman Ahmed Fahmy.
Sisi was posted during the meeting on the latest intensive efforts exerted by the state in partnership with the local and foreign private sector to establish an integrated development logistic axis linking production areas of various kinds to harbors – which are being upgraded to be with huge capacities similar to international standards.
This will be complementary to the modern transportation network so that Egypt will become a center for international trade and logistics, thus contributing to maximizing revenues of the Egyptian national economy, he said.
The meeting also reviewed the ongoing efforts to develop land and maritime transportation and shipping mechanism as well as direct and indirect transit trade.
The talks tackled developing all-out solutions for transporting and handling containers and goods across Egypt.
The meeting also discussed a project to construct a railway line between Al-Arish and Taba to establish a new logistic axis, thus realizing a leap in transporting cargo through linking Mediterranean Sea and the Gulf of Aqba.
The presidency spokesman said that Sisi was also briefed on the executive position of the process of developing and rehabilitating the underground metro lines, the first with a length of 44 km, and the second with a length of 22 km, in addition to ongoing efforts to establish the fourth line of the underground metro with a length of 42 km.
The President directed in this regard to give due attention to improving the level of service and preserving this important national facility in addition to proceeding with work to localize the industry and deepen local manufacturing of underground metro components, within the framework of the state’s general strategy to strengthen the national industry.
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