Egypt’s President Abdel Fattah El Sisi on Sunday called a meeting with Prime Minister Moustafa Madbouli, and Trade and Industry Minister Ahmed Samir to follow up on the implementation of the national strategy for industrial development.
The meeting was devoted to a consideration of the state’s future vision to bolster the growth rates in the sector, increase its share in the country’s GDP and boosting the volume and quality of industrial exports, Presidency Spokesman Ahmed Fahmy said.
During the meeting, President Sisi was briefed on the developments of efforts under way to establish integrated industrial communities and zones, Spokesman Fahmy said.
The briefings, he added, also outlined the ongoing action to support transformative industries and those that constitute areas of priority given that in all such industries Egypt enjoys the availability of a production base as well as opportunities and competitive advantages at both regional and global levels.
Following the briefings, President Sisi gave directives for intensifying the efforts aimed at developing the Egyptian industry since it represents an essential driver for comprehensive economic progress, and also given that progress in industry reflects on the consolidation and development of other sectors, Spokesman Fahmy said.
In related directives, President Sisi called for carrying on with the efforts to empower the private industrial sector and abolish any hurdles to the flourishing of activities and businesses, especially through providing a favourable environment, offering incentives and facilities in support of industrial investment, Spokesman Fahmy said.
In this connection, President Sisi called for enhancing action to consolidate the culture of added value across the Egyptian industry in a way that realises the greatest possible benefits, at both levels of deepening local industrialisation and technological development, and realising the highest returns for the good of the national economy and people, Spokesman Fahmy said.
Also yesterday, President Sisi called a meeting with Prime Minister Madbouli and Tourism Minister Ahmed Eissa for a review of the tourism sector’s strategy of action for the coming period.
Plans to stimulate the investment climate, boost the hotel industry’s capacity and upgrade the tourism industry at all levels were considered during the meeting, the Presidency spokesman said.
These plans, he added, aim to sustain the growth of incoming tourism which registered positive indicators during the first half of this year, and enhance the state’s efforts to realise the target of 30 million foreign visitors annually by 2028, Spokesman Fahmy said.
In the course of the meeting, President Sisi gave directives for the continuation of intensive action to revitalise the tourism sector since such action builds on Egypt’s unique tourism potentials and its acquisition of distinguished civilisational and cultural heritage that spans different eras of history.
The President also called for the intensification of work on tourism projects in addition to encouraging and attracting local and foreign private sector investments, especially through the provision of relevant facilities, Spokesman Fahmy said.
In this context, President Sisi called for maximising the benefit from the integration of the tourism sector with various sectors of the state in the achievement of comprehensive development.
The presidential directives also included the continuation of efforts aimed at ensuring the constant improvement of the quality of the Egyptian tourism product in line with the requirements of the target markets and the highest international standards, Spokesman Fahmy said.
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