Monday 02/June/2025 – 04:03 PM
President Abdel -Fattah El -Sisi met today, with Dr. Mustafa Madbouly, Prime Minister, the team Kamel Al -Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, Ahmed Kajuk, Minister of Finance, Engineer Mohamed Shemi, Minister of Public Business Sector, and Engineer Hassan Al -Khatib, Minister of Investment and Foreign Trade.
The spokesperson for the Presidency of the Republic stated that during the meeting, the President reviewed the progress made in implementing the work strategy adopted by the Ministry of Business Sector for the period from (2024-2027), including the contributions and obligations of public business sector companies to support the state budget, and the current strategic projects for the development of assets, where the ministry in this regard implement 157 projects within the framework of the various axes of its jurisdiction, as it has been doubled Annual revenue by 303% since the 2014-2015 fiscal year.
National project for the development of the weaving and weaving industry
Ambassador Mohamed El -Shennawi, the official spokesman, stated that the meeting dealt with the latest developments related to the implementation of the national project to develop the textile industry, within the framework of the state’s plan to restore the pivotal role of this industry, and developments related to raising the efficiency of the assets of public business sector companies in the field of spinning and textile, and in a way that leads to the development and localization of the spinning, weaving and clothing industry, and the position of developing long -term cotton manufacturing raw materials, short -term and polyester, And the position of employment in the developed spinning and weaving companies, the developments of negotiation to attract foreign investors to work in Egypt in this sector, and the meeting also dealt with the efforts made by the Ministry of Public Business Sector in the mining sector, reviewing the developments of the various projects that the Holding Company for Metal Industries, and relevant investment opportunities.
Projects related to the production of mass transport vehicles and ride cars
In the same context, the meeting dealt with the efforts made by the Ministry of Public Business Sector towards Al -Nasr Motors Company, and projects related to the production of mass transport vehicles and passenger cars, and the meeting also dealt with developments in the business of the Holding Company for Chemical Industries and ongoing ongoing projects, and the Holding Company for Medicines and Medical Supplies, within the framework of the state’s direction to support and localize the pharmaceutical and chemical industry and medical preparations, and the meeting also touched on the efforts of the ministry In implementing projects in the tourism sector.
The spokesperson added that investment opportunities have been reviewed in the business sector companies, the efforts made and the measures taken to achieve comprehensive and systematic reform of public business sector companies to advance their performance and enhance their sustainability, linking them to “Egypt Vision 2030”, government work program, and state ownership policy document, with the aim of achieving the highest return of state investments in subsidiary companies, and enhancing their contribution to the national product, as well In companies affiliated with the Ministry of Public Business Sector.
The spokesperson pointed out that the president directed to continue working to develop and improve the performance of companies affiliated with the public business sector, the method of work and management in it, and maximize the returns of assets, especially by strengthening partnership with the private sector and keeping pace with technological development, while adhering to international standards for quality, sustainability, continuous development, professional safety and environmental protection, upgrading the human element and developing its skills, as he directed its sovereignty with the necessity of the necessity Setting a specific target through a clear vision for each company affiliated with the sector.
